empty
 
 
19.06.2015 09:43 AM
Gold technical analysis for June 19, 2015

Gold price bounced strongly towards $1,205 yesterday after breaking out the short-term resistance at $1,190. As I mentioned yesterday, if gold managed to hold above $1,175 and if it broke $1,190, we could see a push towards $1,200-$1,205 where the 61.8% retracement resistance is found.

This image is no longer relevant

Red line - support trend line

Gold price had broken above the cloud resistance area and bounced right off the red trend-line support. Gold price has reached the resistance of 61.8% Fibonacci retracement and there are increasing chances for a bearish reversal from this level.

This image is no longer relevant

The weekly chart remains bearish as the price is still below the cloud and kijun-sen resistance. This week's candle is testing the tenkan-sen resistance indicator at $1,200-$1,205. This bounce I believe is a corrective bounce and price will soon reverse lower. I prefer short positions as important resistance is very close at $1,220-$1,230.

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 $1000 lebih banyak!
    Pada April kami mengundi $1000 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