For Traders

Analytical Reviews

Technical analysis

25.09.201718:09 Forex Analysis & Reviews: Daily analysis of Gold for September 25, 2017

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 began to rebound bearishly after retesting 1,299.20 levels, affected by the negative signal provided by stochastic and the negative pressure coming by the EMA50. This reinforces the chances of correctional bearish trend continuation, which next target is located at 1281.17. Therefore, the bearish bias will be dominant in the upcoming sessions unless breaching and holding above 1,299.20 levels as the breach of this level will push the price to start recovery attempts that target the 1,321.49 areas initially. The expected trading range for today is between the 1,281.17 support and the 1,300.00 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.