Rimani 
Condizioni di trading
Strumenti
Gold bulls are trying to recapture the $1,500 level after testing for another time the key horizontal support around $1,460. Gold price shows oversold condition by the RSI and the Stochastic oscillator and it would not be a surprise to see end of week profit taking by bears.
Red lines - bullish channel (broken)
Green rectangle - support area
Gold price is bouncing off the green support area. Price could back test the lower channel boundary at $1,520 as a back test. Rejection at $1,500-$1,520 would increase the chances of another sell of towards $1,450 and lower. However as this is the last trading day for the week, it would not be a surprise to see many bears take profits and help prices move higher as they buy to protect their gains. I believe this is the most probable scenario and I expect Gold price to bounce towards $1,550. Both the RSI and the Stochastic oscillator are at oversold levels. This is not the time to be adding to short positions.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
