empty
 
 
21.09.2020 04:30 PM
Gold price challenges major support

Gold price got rejected once again at $1,970 and as we said last week, this was a bearish sign that could push price back towards $1,900 the lower triangle boundary. Price has now reached this critical support area at $1,910-$1,900 and if it is broken we should see price under pressure for a move towards $1,850-$1,800.

This image is no longer relevant

Pink lines - triangle pattern

After readjusting the triangle pattern boundaries, we saw price weakness to overcome the resistance around $1,960-70 area. Price is now testing major horizontal support area for the fourth time. If this support level is broken we should expect a move towards $1,850-$1,800 to follow. If this support level holds, then a bounce towards $1,950 could follow. Price is moving sideways for more than a month. Is it time for price to break out of the trading range? A big will follow for sure.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback