empty
 
 
17.10.2014 04:27 PM
Gold analysis for October 17, 2014

This image is no longer relevant

This image is no longer relevant

Overview:

Since our last analysis, gold has been trading sideways around the price of 1,238.00. We are facing very quiet day on the market and very low volume. We can observe rejection from our resistnace level at the price of 1,244.00 (Fibonacci retracement 38.2%). I have placed Fibonacci retracement to find potential support levels and I got Fibonacci retracement 38.2% at the price of 1,224.00. According to the 4H timeframe, we can observe sideways movement in a volume below the average. We are waiting for larger volume and stronger price action . Be careful when buying and watch for potential selling opportunities. Any larger supply may confirm futher bearish movement.

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,244.64

R2: 1,247.10

R3: 1,251.07

Support levels

S1: 1,236.70

S2: 1,234.24

S3: 1,230.27

Trading recommendations: Buying still looks risky since gold is near resistance level.

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 $3000 lebih banyak!
    Pada September kami mengundi $3000 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