Rimani 
Condizioni di trading
Strumenti
Gold price is pulling back towards the support area of $1,239-40. This pullback has a short-term target of $1,235 where the short-term 38% Fibonacci retracement is found. Bulls would want this decline to stop there.
Red rectangle -short-term target
Green line -long-term support trend line
Blue line - short-term trend line support
Gold price is making lower lows and lower highs on an intraday basis. Price is most probably heading towards the 38% Fibonacci level and the upward sloping blue trend line support. Breaking below this trend line would be a sign of weakness. The most important short-term support level is at the recent high we broken above at $1,231-30. Breaking below this level will be an important sign of weakness. Bulls do not want to see such a deep pull back. The green trend line support is my line in the sand for the bullish scenario. As long as we are above it bulls remain in control of the medium-term trend.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
