Rimani 
Condizioni di trading
Strumenti
Early in the American session, gold is trading within the bullish trend channel forming on the H1 chart since early February, above the 21 SMA, and below its all-time high.
During the European session, gold reached a high of 2,939. From that level, the instrument is undergoing a technical correction. Gold will likely make a technical rebound if it consolidates around 2,928 (21 SMA).
In case the bullish trend continues, we could expect it to surpass a high of 2,942 and even reach 6/8 Murray located at 2,968.
If gold breaks the strong resistance of 6/8 and continues its rise, in this case, the price is likely to reach $2,975 (R_3). Once it is surpassed, the price could reach the psychological level of $3,000.
The eagle indicator is showing a positive signal on the H1 chart. So, we expect the metal to continue rising in the coming days.
A technical correction could affect gold if the price breaks below 2,925 (21 SMA). Afterwards, it could approach the bottom of the uptrend channel around 2,892.
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.
