empty
 
 
04.03.2021 05:48 PM
Will the decline in Gold continue?

Gold price remains in a bearish trend making lower lows and lower highs. Price has reached our target area of $1,700-$1,690 and the major 38% Fibonacci retracement of the entire rise from the low in August 2018 to recent all time high at $2,074.

This image is no longer relevant

Green lines - bearish channel

Red line - long-term support trend line

Gold price is now challenging the lower channel boundary and is also very close to the upward sloping support trend line. This is important support area and taking into consideration that the oscillators are in oversold territory I expect at least a bounce in price soon. Resistance levels above are found at $1,738 and next at $1,758. If I had a short position I would prefer to take partial profits at least at current levels. The chances of a bounce at least towards $1,730-50 area are high.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback