empty
 
 
09.12.2016 04:57 PM
Daily analysis of Gold for December 09, 2016

This image is no longer relevant

Overview

The gold price is testing the 1,172.68 level, which represents the first resistance barrier that keeps the bearish trend scenario valid for today, while the EMA50 keeps its negative pressure on the intraday trading. Therefore, we still expect the bearish bias in the upcoming sessions. Our main awaited target is located at 1,124.88, while achieving it conditions holding below 1,172.68 and 1,186.00 levels. The expected trading range for today is between the 1,140.00 support and the 1,186.00 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