Rimani 
Condizioni di trading
Strumenti
Early in the American session, gold is trading around 2,646 above the 200 EMA and above the 21 SMA. Gold could extend its rise in the next few hours and reach 4/8 of Murray at 2,656. It could reach 2,695 even in the short term.
On the contrary, if XAU/USD falls below 2,641, the bearish cycle could resume. If this scenario comes true, we could expect a strong technical correction in the gold price and it could reach 2/8 of Murray at 2,578 and could even cover the GAP left at 2,562.
On the H4 chart, we can see that gold is breaking the bearish trend channel forming since the end of December 2024 and is now consolidating above it, which suggests that there could be a continuation of the bullish movement for the next few days.
The key level to pay attention to is 2,641. Any technical bounce above this area will be seen as a bullish signal. On the contrary, below this area, gold could enter a bearish phase.
The eagle indicator is showing a negative signal. So, we must pay attention to the overbought signals since it is likely that after a strong bullish movement, a rapid correction in gold will follow.
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.
