Maradok 
Kereskedési feltételek
Products
Eszkozok
Gold prices rallied through $1,858 in the early hours on Thursday before pulling back. The yellow metal seems to have found support at just around $1,840 in the past hour and is expected to resume its rally soon. Bulls are looking poised to push through $1,892 in the near term and hold prices above the $1,832 interim support.
Gold has carved a meaningful lower degree upswing between $1,832 and $1,858 as seen on the 4H chart here. Furthermore, the yellow metal has retraced lower through the $1,840 mark as well, which is the Fibonacci 0.618 retracement of the above rally (not shown here). If the above structure holds well, bulls would resume higher anytime soon.
Gold prices are ready to retrace to a larger-degree downswing between $1,998 and $1,832. The Fibonacci 0.618 retracement of the above drop is passing through the $1,935 mark as presented on the chart. The high probability remains for bears to come back in control if prices manage to push through the $1,935-40 zone going forward.
Potential rally towards $1,892 and $1,935 against $1,830
Good luck!
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.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
