Condizioni di trading
Strumenti
Gold price could have finished the upside move from $1,308 and could start a correction towards $1,320. Price remains still inside the long-term sideways trading range of $1,300-$1,360 and as long as we are inside this range there will be no clear signal.
Gold price has broken above the 4 hour cloud resistance and could be back testing it now. At the upper cloud boundary we also find the 38% Fibonacci retracement of the rise from $1,308. This short-term support level could be seen today. Bulls need to break out of the this range and only a break above $1,360 will confirm our bullish scenario for new highs.Red lines - trading rangeBlack line - medium-term support
Gold has reached yesterday the upper cloud boundary and got rejected. Price is above both the tenkan- and kijun-sen indicators implying that bulls might still be in control. However for a confirmation of this strength we will need to see a daily close above the cloud. A break out of the trading range will be an important long-term bullish signal. I remain long-term and short-term bullish. Only a break below $1,300 will change my short-term view.
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.