empty
 
 
12.03.2021 10:01 PM
Short-term analysis on Gold

Gold price remains below the short-term resistance and bounce target area of $1,725-30. However today's pull back and higher low at $1,698 makes me expect Gold price to start next week with a positive note. Gold price has potential to rise $40 next week.

This image is no longer relevant

Red line - resistance

Blue line - support

Red horizontal lines - Fibonacci extensions

Gold price could be at the start of a trend change. Price has formed a higher low and if price breaks above resistance at $1,725-30 it can push higher towards the red downward sloping resistance trend line and 100% Fibonacci extension at $1,763. This is our target for next week as long as price stays above $1,698.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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