Condizioni di trading
Strumenti
Technical outlook and trade signals:
Gold continues to drift sideways for now, seen to be trading at $1,329.00/30.00 levels at the moment. The yellow metal should ideally remain below the previous resistance at $1,347.00 levels from here on. The wave structure indicates that Gold is setting up for another drop towards $1,311.00 at least. Please note that major support is seen at $1,304.00 levels and trend line support is also passing through the same region. It is hence recommended to remain short for now, with risk above $1,350.00 levels. Immediate support is seen at $1,310.00 levels, while resistance is at $1,347.00 levels respectively. Watch out for a potential pullback rally after the price prints lows at $1.310.00 levels at least. The metal remains short on rallies till prices stay below $1,375.00 levels going forward.
Trading recommendations:
Remain short for now, stop above $1,350.00, target $1,310.00 and $1,305.00.
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.