empty
 
 
13.06.2013 12:09 PM
Gold: Breakout towards 1,425.00 can be expected early next week

This image is no longer relevant

Technical outlook and chart setups:

In seems the metal has formed base at 1,365.00 level and it is bouncing back higher. The entire sideways cone structure has been depicted here, indicating that a bullish breakout is under way and it should get through around June 17th or so, towards 1,425/30 and higher up. Immediate resistance is at 1,420.00, followed by 1,450/60 and 1,488.00, while lined up immediate support is at 1,465.00 and 1,350.00, followed by 1,324.00 on the lower side. A break past 1,410 would enable breakout of the cone structure at least. It is recommended to hold long positions and buy further on dips as well. Looking higher for now.

Trading recommendations:

Hold on to long positions, stop is at 1,349.50, and target is at 1,500.

Good luck!

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

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