empty
 
 
30.05.2020 03:42 PM
Weekly analysis of Gold

Gold price started the week close to where it ended. Price pulled back below $1,700 critical support but until the end of the week price managed to reclaim the $1,700-$1,710 support area. Gold bulls remain in control of the trend and could try to push price to new higher highs once again.

This image is no longer relevant

Black lines -bearish RSI divergence

The weekly RSI continues to provide a weekly bearish divergence. This does not mean that price cannot go towards $1,770-80. This is key resistance now. Support remains key at $1,700 and breaking below it will increase chances of a move towards $1,650-30. Currently I prefer to be neutral and look for shorting opportunities when and if price makes new highs close to $1,780.

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