empty
31.05.2011 10:43 AM
Gold short term analysis and trade recommendations May 31, 2011

:: 4H ::

This image is no longer relevant

On the short and medium term , Gold is trending up .

Early on the 4H timeframe it broke a downtrend line with 2 tops and was successfully tested

Recently it broke and closed above the newly formed resistance level 1532.30 Now working as support

Based on the previous analysis , There's a Long opportunity on the GOLD

Best level to buy at was near 1533.20 with target at the upper limit of the channel at 1569.70

SL should be below 1515.40 as its break will allow the price to go lower .
 

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback