Maradok 
Kereskedési feltételek
Products
Eszkozok
Early in the American session, gold is trading at 3,026, below the 21st SMA and below the 7/8 Murray level. We expect consolidation below this area in the coming hours.
After reaching a high of $3,058 and following a technical correction toward the psychological level of $3,000, gold has rebounded and is now consolidating below the 21st SMA, forming a bearish continuation pattern.
If there is a drop below 3,025, the outlook could be negative, and we could sell and expect gold to reach 6/8 Murray at 2,968 in the coming days.
The weekly pivot point is around 3,027. So, we believe that if the gold price consolidates below this area in the coming days, it could have a bearish sequence. We could then expect a technical correction to occur until the weekend.
On the other hand, if gold consolidates above 3,032, we could expect it to reach the last resistance around 3,046 (7/8 Murray), which will also be seen as an area to sell.
The eagle indicator is reaching overbought levels, so we believe a technical correction could occur in the coming days, before resuming its bullish cycle.
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.
