For Traders

Analytical Reviews

Forecast

25.11.202006:34 Forex Analysis & Reviews: Trading Signal for GOLD for November 25 - 30, 2020

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

The precious metal is still trading under downward pressure. On Monday, the upbeat US PMI report caused a strong rally in the US dollar and pushed the precious metal below $1,850. Yesterday, the positive news about the COVID-19 vaccines boosted the appetite for risk. Besides, the transition of the presidential power in the US was announced yesterday. Such events weakened Gold to the psychological level of $1,800.

The downward pressure on Gold remains intact. However, the 200 day EMA on daily charts will offer good support given that in 1,789 we find a memory of July 15th.

The eagle indicator in daily charts is showing an oversold signal and a bullish rebound is very likely for the next few days.

The market sentiment report shows that there are 82% of investors who are buying this precious metal, which favors our long-term strategy of a bearish movement. However, we must wait for a rebound to sell again.

Trading tip for GOLD for November 25-30

Buy if the pair rebound around EMA 200 Daily at 1,795 and 1,789 with take profit at 1,826 and 1,851; stop loss below 1,760.

Sell if the Gold makes a pullback to 1,851 (strong resistance) with take profit at 1,815 and 1,795; stop loss above 1,865 (EMA 21).

Voltar a lista

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.