InstaForex - Analytics


    735.75 6.25/10
    62% of positive reviews

    Technical analysis of Gold for March 18, 2015

    Show full picture

    Technical outlook and chart setups:

    Gold dropped to a fresh intermediary level at $1,143.00 before pulling back sharply towards $1,160.00 again. The yellow metal is expected to remain under control of bulls untill prices stay above the level of $1,130.00. It is hence recommended to remain long with risk below $1,130.00 for now. A drop below this support would bring the price to the level of $1,030.00 before resuming the uptrend. Immediate support is seen at $1,130.00 while resistance is seen at $1,170.00. A push above the level of $1,190.00 would confirm that the bottom is in place for the next leg to resume higher.

    Trading recommendations:

    Remain long, stop below $1,130.00, target is open.

    Good luck!

    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