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Gold price is under pressure. Price has broken below key support of $1,910 and is challenging $1,900 although yesterday price fell as low as $1,882. Short-term trend is bearish as price is making lower lows and lower highs after breaking the triangle pattern to the downside.
In Ichimoku cloud terms Daily trend is neutral as price is inside the Kumo (cloud). Resistance is found at $1,950. Bulls need to recapture this level in order to regain control of the trend. Next support is near yesterday's lows at $1,880. Breaking below $1,880 will open the way for a move towards $1,820 and lower. As long as price is below $1,950 we remain pessimistic looking for $1,820 to be reached.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.