Permanecer 
Condiciones de negociación
Products
Herramientas
Gold price started this week on a strong foot breaking above $1,290 and reaching $1,302. However this strength was short-lived and it now looks more like a fake break out and a bull trap. Gold price ends the week below $1,280. The weekly candle cautions for more downside to come.
Red line - major trend line support
Red rectangle - short-term support
Gold price is ending the week below $1,280 and the bearish black candle with the long upper tail implies that the move above $1,290 was most probably a fake break out. Gold price has support at $1,276 as we mentioned in previous posts and a break below it will open the way for another leg down in Gold price towards $1,250-30 area. Resistance remains at $1,300 as we noted in previous posts. Bulls need to recapture and stay above of $1,300 in order for them to be in control of the trend. The major rejection back in January at $1,347 may lead to a move towards the red upward sloping major trend line support. This gives us a target between $1,200-$1,220.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
