empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

30.04.202407:18 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 30, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 30.04.2024 analysis

With the appearance of deviation between price movement with Stochastic Oscillator indicator as well as the appearance of bearish Flag pattern as well as supporting by EMA 20 which intersects of death cross with EMA 50 then the probablity of weakness on Gold commodity asset on the 4 hour chart is widely open so that based on the facts, in the near future, Gold has the potential to depreciated to the level 2319,32 and if this level successfully broken downward, then Gold will still continue to weaken to the level 2299,04, and if the momentum and the downward volatility still continue, Gold still has the potential to keep goin down to the level 2289,10 unless if on the way to those targets suddenly there is a strengthening of Gold which is quite significant especially if manages to break above the level 2352,03 then all the weakness scenario that has been described before will automatically cancel itself and become invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off