Kereskedési feltételek
Products
Eszkozok
Gold price started the week on a negative note reaching $1,483 but reversing its trend and recapturing the key pivot level of $1,500. Gold price has been moving around $1,500 since late July but so far it has not managed to break out of the $1,530-$1,480 trading range.
The weekly chart shows how price is supported each time it moves below $1,500. This time we might also have a new weekly high relative to the past 4 weekly closing prices. This could be a positive signal for the next couple of weeks and a rally to $1,600 could be seen. Key support remains at $1,500-$1,490.
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.