Zostať 
Podmienky obchodovania
Nástroje
Early in the American session, gold is trading around 3,033, rebounding after reaching a low of 3,021 during the European session.
Gold is expected to reach the 3,036 or 3,039 area in the coming hours, a level that coincides with the top of the downtrend channel. Once this level is reached, gold could resume its downward cycle.
If gold breaks and consolidates above the 21 SMA and above 3,040, the outlook could be bullish. Hence, a bullish move is expected toward the 7/8 Murray located at 3,046 and the instrument could even reach the high of 3,057.
On the other hand, if there is a pullback toward the 3,023 level, where weekly support is located, this could give gold bullish momentum for the coming hours and could be seen as a signal to buy with a target at 3,039.
The Eagle indicator is reaching oversold levels. So, we believe that gold could resume its bullish cycle in the coming days. For this, we should expect consolidation above the psychological level of $3,000.
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.
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.
