Trading Conditions
Products
Tools
Gold should be able to move a bit higher to test the 161.8% extension target at 1,799 before a temporary corrective set-back gets underway for a move towards 1,728 and then higher again towards 1,912 and 2,070 as the next upside targets. However, in the longer term, we are looking for much higher levels with a rally to at least 2,400 and more likely closer to 2,700.
For now, a small rally closer to 1,799 and a correction to 1,728 are expected to follow before the next big move higher.
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.