empty
 
 
22.07.2016 09:16 AM
Technical analysis of Gold for July 22, 2016

Gold bounced yesterday higher towards $1,340, but the important resistance and trend change level of $1,350 was not broken upwards. The price is now turning back down, and a test of the recent low will be decisive of whether we would see another test of $1,375 or a break below $1,300.

This image is no longer relevant

Gold is trading below the Kumo on the 4-hour chart. The price bounced towards it yesterday and got rejected. Short-term resistance is at the $1,340-50 area, and only a break above it will open the way for a new high towards $1,400. But the rejection so far favors bears and a move to new lows towards at least the 38% Fibonacci retracement. The 61.8% Fibonacci retracement is at $1,270.

This image is no longer relevant

On the daily chart, the price is trapped between the declining tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) support. A break of either will be decisive for the trend over the next few days. I believe that the price will eventually break lower towards the daily Kumo (cloud) near $1,270-80.
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