Condizioni di trading
Strumenti
Overview :
Since our last analysis, gold has been trading upwards. As we had expected, the price tested the level of $1,208.82 in a high volume. According to the daily time frame, we can observe a demand in a volume below the average. I have placed Fibonacci retracement to find potential resistance levels and have got Fibonacci retracement 61.8% at the price of $1,208.00 (on the test). I have also placed Fibonacci expansion to find potential bullish objective points and have got Fibonacci expansion 61.8% at the price of $1,232.00 and Fibonacci expansion 100% at the price of $1,263.00. Major resistance is around the price of $1,220.00. Only if the price breaks that level, we may see stronger bullish movement. The short-term trend is bullish.
Daily Fibonacci pivot points:
Resistance levels :
R1: 1,204.15
R2: 1,207.95
R3: 1,214.00
Support levels :
S1: 1,192.00
S2: 1,188.00
S3: 1,181.90
Trading recommendations: Be careful when selling gold since we have demand in a high volume according to the 4H time frame. Buying positions above the level of $1,220.00 are preferable.
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.