Rimani 
Condizioni di trading
Strumenti
The price of gold is trading in the green on the H1 chart. It's located at 1,973 at the time of writing and it seems determined to resume its growth after failing to stabilize below the 1,966 key level. In the short term, it has registered a minor retreat which is natural in an uptrend.
Today, the US economic data could bring some volatility and strong moves. Industrial Production could report a 0.4% growth in March, while the Capacity Utilization Rate is expected at 77.8% versus 77.6% in the previous reporting period.
Technically, the yellow metal developed a range pattern between 1,978 and 1,960 levels. As you already know, the bias remains bullish as long as it stays above the pitchfork's lower median line (lml).
1,966 stands as strong static support. XAU/USD could climb higher after failing to make a new lower low or to stabilize under this downside obstacle.
Making a valid breakout above the 1,978 static resistance, a new higher high could signal further growth at least towards the R3 (1,992). This scenario could bring new long opportunities.
Also, please keep in mind that the median line (ml) acts as a magnet, so it could attract the price.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
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.
