empty
 
 
05.05.2015 09:45 AM
Gold wave analysis for May 5, 2015

Gold price is bouncing from its recent low at $1,170. Gold price completed 5 waves down from $1,215 to $1,170 and is now making an upward corrective bounce that is most probably not going to break above the 61.8% retracement.

This image is no longer relevant


Gold price has already reached the 50% retracement and the Ichimoku cloud resistance. A move towards the 61.8% retracement and another touch of the cloud resistance could not be ruled out yet. However, if the price breaks below $1,182, we should not expect a bigger bounce.

This image is no longer relevant

The weekly chart remains bearish. The decline from $1,307 is impulsive whereas the upward bounce from $1,130 is corrective. There is a small chance that the decline from $1,224 is only wave B so we could see a new short-term high as wave C towards $1,250. The cloud resistance and the kijun-sen provide strong resistance levels so bulls need to be very cautious.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback