Technical analysis of Gold for October 28 2015
October 28, 2015 12:10 pmVideo
Latest News
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
Technical outlook and chart setups:
Gold is seen to be trading around the $1,172.00 levels for the moment, still being well below initial resistance at the $1,180.00 levels. If the yellow metal holds the $1,180.00 levels, the next leg should be lower towards $1,138.00. Please note that the drop would still be considered to be corrective and will provide a better opportunity to initiate fresh long positions. It is hence recommended to remain flat for now and look to buy lower. Immediate support is seen at the $1,150 levels, followed by $1,130.00, $1,100.00 and lower, while resistance is seen to be at the $1,180.00 levels, followed by $1,190.00, $1,230.00 and higher.
Trading recommendations:
Remain flat for now and look to buy around $1,137.00.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: