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

Long-term review

Gold price is sliding lower but in a slow move. Trend remains bullish but as we explained in previous posts, it was time for a healthy pull back towards $1,270. I continue to expect Gold price to move towards the lower channel boundary but overall I do not think the up trend is over.

Exchange Rates 09.01.2019 analysis

Green rectangles - support areas

Black line - expected path

Purple lines - bullish channel

Gold price has made an important high at $1,298 very close to our $1,300 target. Price has pulled back as expected after the warning signs we got from the 4-hour RSI bearish divergence. Gold is expected to slide even lower towards the $1,270 area before resuming its up trend. The upward move that started in August has still room to move higher maybe even towards $1,350. As long as price is above $1,250-60 short-term trend will remain bullish targeting a move above $1,300 towards $1,320.

*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 © 2007-2019
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.