Condiciones de negociación
Products
Herramientas
Blue lines - Fibonacci retracement levels
Red lines- bearish channel
Gold price is trading around $1,868. Short-term trend remains bearish. As expected when price got rejected at $1,935, price started breaking all near term support levels and eventually made new lows relative to the August bottom. As expected by our past analysis, Gold price has already made a low around $1,857. In a previous analysis we mentioned that we expect Gold price to bottom around $1,850-60. With the RSI at oversold levels, the chances for a bounce higher have increased. Technically trend remains bearish, but bears should also protect their gains. Price is also approaching the 50% Fibonacci retracement level which is found at $1,846 and provides our next target and short-term support level.
¡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.
