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    Gold : analysis for April 14, 2015

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    Overview :

    Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,187.51 in a high volume. According to the daily time frame, we can observe a supply in a volume above the average. The price broke our Fibonacci retracement 38.2% ($1,194.00). We may see potential testing at $1,177.00-$1,174.00. The short-term trend is bearish. Be careful when buying and watch for potential selling opportunities after retracement (correction).

    Daily Fibonacci pivot points:

    Resistance levels :

    R1: 1,207.04

    R2: 1,214.77

    R3: 1,220.00

    Support levels :

    S1: 1,193.85

    S2: 1,188.56

    S3: 1,180.80

    Trading recommendations: Be careful when buying gold at this stage. Sell after retracmeents.

    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

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