03.03.201503:51 Forex Analysis & Reviews: Technical analysis and trading recommendation for Gold for March 03, 2014

Long-term review

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

An important data this week dragged the price to the support level from a two-week high. China cut interest rates for the second time in three months. Today, traders eye Yellen's and Carney's speeches. Yellen's speech is essential. Gold prices were trading marginal higher during the Asian session on Tuesday. The parallel resistance is found between $1,222.60 and $1,224.00. Metal prices were rejected from $1,222.90 and pushed to $1,204.00. Yesterday, I said bulls would have the upper hand, until the price closes above $1,204.00. Now, the strategy has turned to bears' favour. Until prices close below $1,214.00, bears have the upper hand. The intraday support is found at $1,204.00 and resistance is seen at $1,211.00. The weekly and daily resistance is set between $1,223.00 and $1,228.00. The near-term bottom was placed at $1,190.00. A daily close below $1,185.00 leads to $1,170.00, $1,167.00, and $1,150.00.

Resistance: $1,211.00, $1,220.00,$1,224.00.

Support: $1,204.00, $1,200.00, $1,190.00.

We recommend fresh selling below $1,204.00 with targets at $1,200.50, $1,195.00, and $1,190.00. We can expect strong momentum only above $1,224.00 towards the levels of $1,236.00, $1,245.00, and $1,255.00. Chances are remote for now.

Selling sl $1,214.00 with targets at $1,204.00, $1,200.00, $1,195.00, and $1,190.00

Safe selling below $1,204.00.

Buying above $1,214.00.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.