CORNER ANALYSIS
Short Medium Long
Bearish Bearish Neutral
RANGE 1225.00 - 1245.00
Support Resistance Levels
1 1220.00 1250.00
2 1200.00 1270.00
Experienced mild pressure on the gold prices are relatively reasonable last week
as being part of the rally since departed at the end of December 1204
2013 ago . This led to an idea that the potential for correction
expected to begin to decrease , but not the highest level last week
successfully surpassed . If it still fails , then it could be a negative gesture
back influence and simultaneously strengthen the suggestion that gold
could provide early cues overbought ( overbought ) after reaching
This year is the highest level in the area in 1255 's. Although the correction category
The limited nature , still watch out , because it does not shut down
possibility of immediate support in the 1220s will be tested in the near future .
Meanwhile, the resistance did not change , gradually at
levels of late 1250 and in the 1270s , which is used to detect
strength of the trend , will stem the gold rally if at any time
appears . However, ask at the end of last December that
where they will be strong resistance after reaching overbought gold has
which ultimately leads back below 1200 .
S2 S1 Pivot Point R1 R2
1230.95 1241.81 1248.37 1259.23 1265.79
INDICATOR VALUE
STOCH ( 14 ) ↑ 86 +4
RSI ( 14 ) ↑ 58 +4
MACD ( 9 ) ↑ 3 +1
PAR SAR ( 9 ) ↑ 1216 +5
EMA ( 20 ) ↓ +2 1235
EMA ( 50 ) ↓ 1246 0
