InstaForex - Analytics

    InstaForex

    695.00 6.50/10
    61% of positive reviews
    Real

    Gold analysis for February 10, 2015

    GOLDDaily10.png

    Show full picture

    GOLDH410.png

    Show full picture

    Overview :

    Since our last analysis gold has been trading sideways around the price of 1,238.00. According to the H4 time frame, we can observe rejection from our Fibonacci retracement 61.8% at the price of 1,234.00. According to the daily time frame, we have demand in a volume below the average. Major resistance level is around the price of 1,307.00 (swing high like resistance) and intraday resistance is around the price of 1,252.00. My advice is to watch for potential buying opportunities on the lows (buy on the dips). Anyway, if the price breaks the level of 1,228.00, we may see possible testing of the level of 1,220.00 before any larger bullish reaction.

    Daily Fibonacci pivot points :

    Resistance levels :

    R1: 1,245.26

    R2: 1,249.03

    R3: 1,254.46

    Support levels :

    S1: 1,236.06

    S2: 1,230.63

    S3: 1,226.86

    Trading recommendations: Watch for potential buying opportunities after retracement (buy on the dips).

    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree