Today's Gold Market Analysis - Bearish

in #gold • 6 years ago (edited)

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Preferences: Bearish

Reference Area: 1282.90 - 1288.20 (Search Bearish confirmation)

Support: 1274.30, 1269.00, 1263.07

Resistance: 1282.90, 1288.20, 1296.79

Comments:
Today's bias of gold movement shows bearish after yesterday broke the Support and from the H1 chart the price moves below the moving average.

Emashari trading strategy is note if Support at 1274.30 broke as it could potentially depress gold further up to the range 1269.00 - 1263.07.
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As an alternative consider the Resistance in the area of ​​1282.90 - 1288.20 to find confirmation of Sell signal with potential gold back down to the range 1279.62 - 1274.30.
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However be alert if the Resistance at 1288.20 breaks as it could potentially turn the intraday bias into Bullish and lift the gold further up to the range 1291.48 - 1296.79.
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Note :
What are presented in this analysis above maybe missed and only as an initial prediction for learning purposes only. Please do not trade without adequate knowledge. Any losses arising from the inaccuracy of these predictions are not the responsibility of the author.

#indonesia #trading #market #analysis
6 years ago in #gold by
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