Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Gold price made a new higher high overnight. Trend remains bullish. Price remains supported. RSI is diverging. Bulls remain in control of the trend.

Exchange Rates 12.01.2018 analysis

Red lines -bearish divergence signs

Gold price has short-term support at $1,316 and resistance at $1,330.50. I'm still bearish but price does not follow my view. Price remains supported above the 4-hour Ichimoku cloud. Bulls remain in control. Although I give very little chances of this move going higher before any considerable correction, price is not falling so far. All oscillators are overbought, turning lower. Price is not. We have to respect price. But if the breakdown occurs, it will be a wild one.

Exchange Rates 12.01.2018 analysis

Red line - long-term resistance

On a weekly basis, the Gold price bounced strongly off the weekly cloud as expected and is heading towards the long-term red trend line resistance. Trend remains bullish and this week's candle is also bullish so far. Only a break below $1,309 would signal a trend reversal in Gold.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Alexandros Yfantis,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

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.