empty
 
 
27.09.2016 06:00 PM
Daily analysis of Gold for September 27, 2016

This image is no longer relevant

Overview

The tight range continues to dominate in gold price trading. The price moves near the key resistance that declines now to $1,345.00, and the EMA50 keeps providing the positive support to the price, while stochastic attempts to gain the positive momentum on the intraday basis. Therefore, these factors favor the bullish trend scenario in the upcoming period, which main targets begin at $1,375.00 and extend to $1,400.00. The continuation of the expected rise depends on holding above $1,310.65 and $1,297.75 levels. The expected trading range for today is between the $1,320.00 support and the $1,360.00 resistance.

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