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The price of gold moves somehow sideways after jumping above the downtrend line. You knew from my analyses that the downside movement could be over if the rate jumps and stabilizes above the downtrend line.
You can see that the rate failed to come back down to test and retest the channel's downside line signaling that the downside movement is over and that the sellers are exhausted. It is traded at 1,936 at the time of writing below the 1,945 former high which represents an upside obstacle.
Jumping and stabilizing above the 1,945 former high could activate an upside continuation and could bring new buying opportunities.
Díky analytickým přehledům společnosti InstaForex získáte plné povědomi o tržních trendech! Jako zákazníkovi společnosti InstaForex je Vám k dispozici velký počet bezplatných služeb umožňujících efektivní obchodování.
