empty
 
 
14.02.2022 06:13 PM
Gold breaks higher to new highs.

Gold price is at $1,868. Gold price has reached our $1,850-60 target. Trend remains bullish as price continues making higher highs and higher lows. Gold price has also broken out of the long-term triangle pattern. It is too early to talk about a confirmed breakout, nevertheless bulls are in control.

This image is no longer relevant

In Ichimoku cloud terms, Gold price is in a bullish trend also. Support by the tenkan-sen (red line indicator) is at $1,845 and by the kijun-sen (yellow line indicator) at $1,843. If price breaks below this level, we should expect a bigger pull back towards $1,815. A short-term pull back towards $1,840 is justified as the RSI has reached overbought levels.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback