আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?
Gold: Bulls building case to break higher towards $1,500 - 2ndSkies
FXstreet.com (Barcelona) - Gold continues to correct into higher ground after the blood bath from Feb 12-16, where a malicious selling stampede sent the price from $1555 into a bottomless fall only stalling 4 days later around $1315, a 51-month low.
Ever since, the shinny metal has been recovering its lost allure, building higher highs and higher lows while developing a tight relationship with the 20-ema on the 4-hour chart, until faced with 1480/83 resistance. The metal has been unable to break since the area was first encountered on April 26, having subsequent failures on April 26 only to be kept below $1480 the last few days.
According to Chris Capre, founder at 2nsSkies: "After two knocks on the key $1484 resistance, the precious metal has been climbing steadily, forming a 20ema carry on the 4hr chart. The bulls are slowly attempting to take out the critical resistance above, and their case is building. I’m expecting a terminus of this pattern in the next 24hrs. Bulls can wait for a breakout pullback setup above $1484, while bears can look to sell around this level with tight stops above, targeting $1464 and $1448."
"A clearing of the air above targets $1500, so plays on both sides here, but the FOMC meeting later on Wednesday could provide the extra juice to start the next move" Chris adds.