Condiciones de negociación
Products
Herramientas
Gold is trading around $5,067 above the 21 SMA and showing signs of exhaustion after reaching its weekly high around $5,120. This level coincided with the 61.8% zone, which suggests a scenario that it could resume its bearish cycle in the coming days.
If, in the coming hours, gold decisively breaks through the 61.8% Fibonacci level around $5,140 and consolidates above this zone, we could expect a further upward movement, and it could reach the +1/8 Murray around $5,312.
On the contrary, if gold encounters strong resistance around $5,120 - $5,140 and if a rejection below this area occurs, it will allow us to open short positions with targets at the psychological level of $5,000. Finally, the instrument could reach the 200 EMA around $4,799.
The $5,166 zone represents the daily R_2, and this level could act as a barrier for gold in the coming hours if the uptrend continues.
Given that XAU/USD is showing consolidation, and an exhaustion of bullish strength is observed, a technical reversal is expected in the coming days, and we expect the metal to reach the 38.2% Fibonacci level around $4,860. Gold could eventually reach the 7/8 Murray around the 23.6% Fibonacci level at $4,687.
The Eagle indicator is showing strong resistance above $5,100 to $5,160. This zone could be a strong barrier for gold. the price has to overcome it to continue rising, so we believe that a technical correction could occur in the coming days.
¡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.
