Gold Pressing Confluence of Technical Levels

| 26 juli, 2013 | 0 kommentarer

4Hour

eliottWaves_gold_body_gold.png, Gold Pressing Confluence of Technical Levels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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Commodity Analysis: No change – “Gold’s rally reversed gains after running into former lows and channel resistance. Gold’s advance is better than silver’s, which remains extremely depressed. Daily RSI on the metal has recovered to 60, a common area for the indicator to stop in a bear market. In fact, yesterday’s reading was the highest since 11/23/12. Resistance is estimated at 1332 (now reached) .”

Commodity Trading Strategy: Short triggered at 1332, stop 1350, target half 1270

LEVELS: 1223 1267 1313 1332 1350 1395

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Kategori: Analys från DailyFX

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DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

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