The precious metal remains on the offensive pressing higher and increasing risk of a run at the 1,550.00 level, its psycho level.Its present offensive is coming on the back of its recent consolidation at the 1,480.85 level. Guest post by www.fxtechstrategy.com Price extension is expected towards the 1,600 level, its psycho levels if the 1,550.00 level gives way as resistance. Further out, resistance resides at the 1.650 level. Its daily RSI is bullish and pointing higher suggesting further gains. Alternatively, a return below the 1,493.10 level will annul its present bullishness and call for more declines towards the 1,458.55 level, its April 11’2011. We expect that level to reverse roles as support and turn the commodity back up in the direction of its primary uptrend if tested. Further down, support comes in at 1,443.70 level, its April 12’2011 low. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD Apr. 29 – Approaching Resistance On High Inflation Yohay Elam 12 years The precious metal remains on the offensive pressing higher and increasing risk of a run at the 1,550.00 level, its psycho level.Its present offensive is coming on the back of its recent consolidation at the 1,480.85 level. Guest post by www.fxtechstrategy.com Price extension is expected towards the 1,600 level, its psycho levels if the 1,550.00 level gives way as resistance. Further out, resistance resides at the 1.650 level. Its daily RSI is bullish and pointing higher suggesting further gains. Alternatively, a return below the 1,493.10 level will annul its present bullishness and call for more declines towards the 1,458.55 level,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
