Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Gold price pulled back towards short-term support of $1,262 yesterday but still remains above support and above recent low at $1,260. I expect Gold price to push upwards from the current levels towards $1,280-$1,300.
Gold price has pulled back towards the Ichimoku cloud on the 4-hour chart. Resistance is found at $1,268-70. Support is at $1,265-60. Gold price is expected to push higher. If support fails then we could see another test at the important $1,250 support.
Gold price remains above the daily tenkan-sen support (red line indicator) and I expect it to reach the kijun-sen resistance (yellow line indicator). Only a break above the kijun-sen will push it higher towards $1,320-25 where the daily cloud resistance is found. A break below $1,250 will open the way for a push towards $1,220.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Stay 
