Trading Signal - 15/10/2014 - 16:00 (GMT +3)

Instrument: GOLD
by: Chief Technical Strategist Avramis Despotis

Previous Close

1234

Change

0.06 %

Current

1234

52 Week High

1392

52 Week Low

1182

30 Days ATR

12

40 Weeks ATR

35

Time

60min
CHART

Next 3
Days

240min
CHART

Next 3
Weeks

Daily
CHART

Next 3
Months

Trend & Condition

Upwards Strong

Neutral

Upwards Weak

Neutral

Downwards Strong

Neutral

Support &
Resistances

1332

1238

1225

1246

1218

1258

1220

1237

1210

1242

1180

1249

1144

1233

1126

1255

1108

1289

Comments

A Medium probability, entry signal to

go LONG was given at 1232 after the
market found support at 1224. Only
the downward break of 1224 would
cancel the bullish scenario.

The market is testing support at

1220. We are waiting to see reversal
signals in order to reinstate LONG
positions, or alternatively the upward
break of the 1237 resistance level.
Next important support the 1210
level.

The market is testing resistance at

1233. We are waiting to see reversal
signals in order to reinstate SHORT
positions. Next important resistance
the 1255 level.

Position & Trade

Probability

Entry, Take Profit &

Stop Loss Levels

Position

Entry

SL

LONG

1232

1224

Trade P.

TP1

TP2

Medium

1238

1245

Position

Entry

SL

BUY

Trade P.

TP1

TP2

1242

1249

Position

Entry

SL

SELL

Trade P.

TP1

TP2

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