Permanecer 
Condiciones de negociación
Products
Herramientas
Gold is trading around $4,140, erasing all of Monday's gains. The downward momentum is likely to prevail if gold consolidates below the 21-period simple moving average (SMA) in the coming hours.
Gold is showing signs of exhaustion in its upward momentum. From a technical perspective, the correction could continue, potentially reaching the psychological level of $4,000 or the 2/8 Murray zone, around $4,062.
Given that gold is trading below a strong resistance zone around $4,200—a level it failed to break through—and that a technical correction has occurred since then, it is expected to continue falling in the coming hours.
In this regard, we should monitor the $4,134 level; below this zone, we will look for selling opportunities with targets at the lower band of the uptrend channel, around $4,040.
Conversely, if gold consolidates above $4,134 in the coming hours, the outlook could be positive, and the instrument would continue to rise until reaching $4,218—around the 3/8 Murray level—and could ultimately reach the upper band of the uptrend channel, which coincides with $4,237 and the 200-period EMA, around $4,255.
¡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.
