InstaForex

Support/Resistance of the Day - Gold (9 June 2011)

Thursday, June 9, 2011

H4 Chart

R3 1553.83
R2 1547.99
R1 1544.38
Pivot 1538.53
S1 1532.69
S2 1529.08
S3 1523.23

Red Alert..!! Gold price broke the last trendline..!! However, it is at sideway movement again, gold price is holding strong by S1 level. It doesn't matter actually, I am waiting gold to break either pivot level or S1 level, i guess you know what i mean. If we have chance to long gold, the yellow trendline will be the take profit level; if we have chance to short gold, S2 or S3 will be the take profit level.

0 comments: