Maradok 
Kereskedési feltételek
Products
Eszkozok
Early in the American session, XAU/USD is trading around 3010.85, below the bearish trend channel forming since early April and bouncing off the low of 2,948.
Gold is trading above the 200 EMA and above the 6/8 Murray, which means the metal could continue its rally in the coming days, potentially reaching the 7/8 Murray at 3,046 and even testing the top of the downtrend channel around 3,070.
If gold falls below 3,020 in the coming hours, we could expect a technical rebound around the 200 EMA located at 2,993 or 2,965 (6/8).
If gold consolidates below the 200 EMA, we could expect it to again reach the 6/8 Murray at 2,968, and this area could even serve as a good point for a technical rebound.
Gold is expected to continue its uptrend in the coming hours. Should it break above 3,020, we could expect it to continue rising to 3,046, 3,051, and eventually reach 3,070.
Our trading plan for the coming hours is to sell gold below 3,020, as technically there is a bearish trend channel. If gold fails to break above this level, it will be seen as a signal to sell.
The eagle indicator is showing a bullish signal, so we must be cautious, as gold could continue rebounding in the coming days.
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.
We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information
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.
