Trading Signal - 31/08/2015 - 10:00 (GMT +3)Instrument: GOLDby:
Chief Technical Strategist Avramis Despotis
Previous Close 1134
Change -0.01 %
Current 1134
52 Week High 1299
52 Week Low 1086
30 Days ATR 12
40 Weeks ATR 27
Time Trend & Condition Support &Resistances
CommentsPosition & Trade
ProbabilityEntry, Take Profit &Stop Loss Levels
60minCHART
Next 3Days
Upwards StrongNeutral
1129 1136
1125 1142
1120 1155
A Medium probability, entry signalto go LONG was given at 1133
afterthe market completed a bullishtrend reversal pattern. Only
thedownward break of 1129 wouldcancel the bullish scenario and
takeus SHORT.
Position Entry SL
LONG 1133 1129
Trade P. TP1 TP2
Medium 1140 1156
240minCHART
Next 3Weeks
Upwards WeakOverbought 1
1117 1170
1100 1192
1082 1229
A Medium probability, entry signalto go LONG was given at 1133
afterthe market found support at 1117.Only the downward break of
1117would cancel the bullish scenarioand take us SHORT.
Position Entry SL
LONG 1133 1117
Trade P. TP1 TP2
Medium 1192 1229
DailyCHART
Next 3Months
Upwards WeakNeutral
1071 1170
1037 1202
982 12354
A High probability, entry signal to goSHORT was given at 1133
after themarket found resistance at 1170.Only the upward break of
1170would cancel the bearish scenarioand take us LONG.
Position Entry SL
SHORT 1133 1170
Trade P. TP1 TP2
High 1037 982
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Trading Signal - 31/08/2015 - 10:00 (GMT +3)Instrument: GOLDby:
Chief Technical Strategist Avramis Despotis
