empty
 
 
03.05.2016 01:41 PM
Gold analysis for May 03 , 2016

This image is no longer relevant

Since our previous analysis, gold has been moving sideways at the price of $1,293.00. According to the 4H time frame, I found a strong sign of weakness. Bullish bar is in a very high volume but closes in the middle. I also found a broken upward diagonal, which is a sign that buying looks risky. There is also consolidation of trading range between the price of $1,303.00 (resistance) and the price of $1,287.00 (support). I would like to see the breakout of support or resistance to confirm further direction. Since I found the weakness according to the 4H time frame, I would like to see breakout of support. The first take profit level is set at the price of $1,275.00.

Daily Fibonacci pivot points:

Resistance levels:

R1: 1,302.00

R2: 1,305.90

R3: 1,312.00

Support levels:

S1: 1,289.50

S2: 1,285.40

S3: 1,279.30

Trading recommendations for today: Be careful when buying gold at this stage and watch for potential selling opportunities.

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