19.02.201511:17 Forex Analysis & Reviews: Gold technical analysis for February 19, 2015

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Gold price has reached my target of $1,200 and marginally broke below that level but has found support, as expected, and is now turning higher. The medium-term trend remains bearish, but there is a good chance gold price makes a considerable upward move from the current levels.

Blue line = support

Black line = resistance

Gold price is trying to bounce towards the Ichimoku cloud resistance. The price is above the kijun-sen and the tenkan-sen. This means that there is a short-term bullish momentum that could push the price towards the cloud resistance. The trend is bearish since the price is below the cloud.

As shown on the daily chart above, gold price has found support right at the top of the Ichimoku cloud support. This support level is very important. If we break below this support level, we should expect gold price to move towards $1,150. Resistance is at $1,225 where the tenkan-sen(red line) is found. If we close above $1,225, we should expect a move higher towards $1,255 where the kijun-sen (yellow line) is found.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.