24.03.202014:26 Forex Analysis & Reviews: Analysis for Gold 03.24.2020 - Pitchfork median line target at $1.610 has been reached, potentilal for downside rotation towads the level of $1.574

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Corona virus news:

The scale of the global economic damage from the corona virus outbreak is becoming clearer after early warning signs showed the steepest plunge in business activity ever recorded in Britain, Japan and the euro zone.

As more countries shut down large parts of their economies to contain the spread of the virus, the purchasing managers indices (PMI) for several of the world's biggest economies fell to the lowest levels since records began more than two decades ago.

Technical analysis:

Gold has been trading upwards as I expected. The price reached my yesterday's target and Pitchfok Median line at the $1.610. Since the price reached Median line, I do expect several pivots to form around the median line.

Watch for potential downside rotation towards the support levels at $1.584 and $1.560.

Stochastic oscillator is showing bearish divergence and potential for rotation to the downside.

Major resistance level is set at the price of $1.610

Support levels and downward targets are set at the price of 1$1.584 and $1.560.

Voltar a lista

Open trading account

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.