Condiciones de negociación
Products
Herramientas
Gold is falling after encountering strong resistance around the psychological level of $4,500. The price of gold is now around $4,431, below the 21 SMA, under bearish pressure.
The price of gold is now expected to continue falling in the coming hours until it reaches the 4/8 Murray at $4,375.
In case of a pullback towards $4,451. If the price fails to consolidate above this zone, it will be seen as an opportunity to open short positions with a target at $4,375. In case this support is breached, gold could cover the gap it left around $4,327.
The Eagle indicator is showing a negative signal, but we must be careful as it is approaching oversold levels. Thus, after a strong technical correction, there could be a good technical rebound, and we must be very careful, as there could be a strong recovery in gold around the 4/8 Murray or around the 200 EMA.
If the price consolidates above $4,450, we could expect gold to continue its uptrend and could reach the 5/8 Murray at $4,531 and could even exceed this level and reach the 6/8 Murray level around $4,625.
Our outlook for gold remains bearish for the coming days. Below $4,450, we will continue to sell with targets at $4,375, $4,327, and finally at $4,310.
¡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.