GOLD is Congesting Between D L3 and D H3 Camarilla Pivot

Februāris 09, 2018 15:09

Source: Admiral Markets MT5

The Gold is congesting between D L3 and D H3 - classic daily support and resistance levels. If the price breaks and closes above 1317.29 we might see 1322 and 1327. A cluster of resistance levels waits above 1330, and the price would need a strong momentum to reach the final daily target D H5 - 1333.96. Momentum and price close below 1314.51 could aim for 1307.84 and 1303.39. Today is Friday, and we can expect profit taking so watch out for the indicated breakouts.

W H3 -1.2055 should give another upside boost to the pair.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

Follow @TarantulaFX on twitter for latest market updates

Sign up for Live Trading Webinars with Nenad Kerkez T

Connect with Nenad Kerkez T on Facebook for latest market update


Gold Instrument


Brīdinājums par riskiem

CFD ir pietiekami sarežģīti instrumenti un, izmantojot paaugstinātu kredītpleca likmi, var radīt ātrus zaudējumus! 83% tirdzniecības kontu, kuros klienti ar statusu "Privāts klients" tirgo CFD ar šī pakalpojuma sniedzēja starpniecību, uzrāda zaudējumus. Jums vajadzētu pārliecināties, vai pilnībā saprotat CFD tirdzniecības pamatprincipus un vai varat atļauties riskēt zaudēt savu naudu.