Condizioni di trading
Strumenti
Early in the American session, gold is trading around 2414.91 facing the 200 EMA which acts as a strong barrier and showing signs of exhaustion after the rebound from the low of 2,360.
Yesterday, due to fears of a recession in the United States, the stock markets fell sharply. In turn, this also affected cryptocurrencies and especially gold which tumbled by more than $90 in one day.
Technically, gold is in a strong resistance zone around 200 EMA. We believe that if the metal fails to break 2,417, we could expect a technical correction and it could reach 5/8 Murray at 2406 and even the psychological level of 2,400.
If gold consolidates below 2,406, the outlook could remain negative and it could reach 2,390 and finally, 4/8 at 2,375.
Looking at the H4 chart, we can see that gold is already oversold. It is likely that after a technical correction, a strong rebound could occur and gold could rebound towards 6/8 Murray at 2,437 and could even return towards 7/8 Murray at 2,468.
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.