empty
 
 
13.08.2019 11:58 PM
Gold bulls were warned for possibility of fake break out

Gold price broke the bullish flag pattern but as we explained in our last analysis, there were many warning signs that made us expect a move to $1,535 to be enough and that a possibility of fake break out was high. This is exactly what we got.

This image is no longer relevant

Blue rectangle - resistance

Gold price reached our $1,535 target. Gold price sharply reversed and fell towards $1,480. Resistance is at $1,510. The break out above $1,510 was most probably a fake one and price is most probably going to move lower. As long as price is below $1,510-20 area I expect to see more selling pressures. Failure to hold above recent low at $1,480 will confirm our bearish view on Gold. Bulls were warned to be cautious. Recapturing $1,510 is important for bulls if they want to continue their up trend towards $1,550.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget