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 moving sideways in the intraday chart. Medium and longer-term trend remains bullish and we continue to see a move above $1,400 over the coming months. However there are increased chances of a Gold pullback over the next 1-2 weeks towards $1,300.

Exchange Rates 05.09.2017 analysis

Red lines - bullish channel

In the short term, price is clearly bullish. There are some topping signs by the oscillators that provide a short-term warning for bulls. We could see a 10-30$ decline soon. Support is at $1.331 and the next at $1,320.

Exchange Rates 05.09.2017 analysis

Magenta line - resistance

Blue line - support

On a weekly basis, we are in a bullish break out above the weekly Kumo. Technical resistance is at $1,350 by the magenta trend line. I expect the Gold price to reach and most probably break the resistance trend line. I do not expect price to move back below the weekly Kumo, although a pullback is possible. I do not trade pullbacks, pullbacks are buying opportunities.

*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.