For Traders

Analytical Reviews

Technical analysis

19.04.201818:04 Forex Analysis & Reviews: Daily analysis of Gold for April 19, 2018

Long-term review

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.

Overview

The gold price traded upwards yesterday and has settled near 1,350.00 levels now, supported by the EMA 50. To see if the price keeps the bullish trend in the upcoming sessions, we are waiting for the test of the previously recorded top at 1,365.97 as the next station. We remind you that a breach of the mentioned level will extend the gold price gains to 1,400.00 as the next main target, while the expected rise will remain valid unless breaking and holding below 1,335.40 levels. The expected trading range for today is between the 1,340.00 support and the 1,365.00 resistance.

Back to the list

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.