Investor.Unity
Short

XAUUSD Analysis 27/10/14

FX:XAUUSD   Gold Spot / U.S. Dollar
269 1 1
Long term trend: Up
Medium term trend: Down
Significant Levels: 1416 (Horizontal Resistance), 1187 (Horizontal Support), 1270 (Medium term Significant Area)

It looks like the 1270 level (Medium term significant area) was still respected by the market. Although the price did not literally touched that level, it still signifies that the market does not want to go any further beyond that.

We are still bearish with gold             right now. It would be great if the 1187 level would be broken. But as always mentioned, anything can happen in the markets. A bullish signal would be if the price breaks above this Descending Triangle pattern and a more confirmation is if the 1416 level would be broken.

Still, look for a bearish signal to trade. No Long trade would be entertained for now.

Trade well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out