Trading Signal - 02/06/2015 - 10:00 (GMT +3)

Instrument: GOLD
by: Chief Technical Strategist Avramis Despotis

Previous Close

1187

Change

-0.18 %

Current

1187

52 Week High

1340

52 Week Low

1150

30 Days ATR

10

40 Weeks ATR

28

Time

60min
CHART

Next 3
Days

240min
CHART

Next 3
Weeks

Daily
CHART

Next 3
Months

Trend & Condition

Upwards Weak

Neutral

Downwards Weak

Neutral

Upwards Weak

Neutral

Support &
Resistances

1185

1193

1173

1197

1154

1204

1179

1201

1158

1213

1152

1232

1176

1243

1142

1287

1127

1360

Comments

The market is testing support at

1185. We are waiting to see reversal
signals in order to reinstate LONG
positions. Next important support the
1173 level.

The market is dominated by

uncertainty. The occasionally
prevailing trend lasts for a limited
time and changes its direction too
frequently. As long as the market
remains unstable, we stay aside,
waiting for the market to get back on
track.
The market is dominated by
uncertainty. The occasionally
prevailing trend lasts for a limited
time and changes its direction too
frequently. As long as the market
remains unstable, we stay aside,
waiting for the market to get back on
track.

Position & Trade

Probability

Entry, Take Profit &

Stop Loss Levels

Position

Entry

SL

BUY

Trade P.

TP1

TP2

Position

Entry

SL

WAITING

Trade P.

TP1

TP2

Position

Entry

SL

WAITING

Trade P.

TP1

TP2

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