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Forex Analysis & Reviews

We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.

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Alexandros Yfantis
Technical analysis
2016-05-05
190
visited:
Gold pulled back towards our support area of $1,270 yesterday and is now trading $10 higher. The trend remains bearish in the short term, and this is the opportunity to go long for aggressive traders as I mentioned a few days back when the price was at $1,293. Personally I prefer to be neutral in Gold....
Harsh Japee
Technical analysis
2016-05-05
137
visited:
Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier. ...
Petar Jacimovic
Technical analysis
2016-05-04
244
visited:
Strong weakness in the background caused the price to go downward. There is strong selling pressure on the market in a high volume. Watch for potential selling opportunities on the rallies. Take profit level is set at the price of $1,256.50....
Harsh Japee
Technical analysis
2016-05-04
245
visited:
Gold is seen to be trading lower for the day at $1,280.00/81.00 levels, looking to rally one last time through $1,307.00/10.00 levels before reversing lower. The metal might be into its wave 4 corrective drop....
Alexandros Yfantis
Technical analysis
2016-05-04
226
visited:
Gold pulled back yesterday as the dollar strengthened and the price could not break above the short-term resistance at $1,297 we mentioned yesterday. The price is heading lower towards the $1,270 support where we could see prices reverse upwards again. ...
Petar Jacimovic
Technical analysis
2016-05-03
287
visited:
You can see a broken upward diagonal and weakness according to the 4H time frame. Buying gold at this stage looks risky. Watch for a potential breakout of the trading range to confirm further direction. The first downward target is set at the price of $1,275.00....
Alexandros Yfantis
Technical analysis
2016-05-03
368
visited:
Gold made a shallow pullback yesterday but remains inside a short-term bullish trend targeting $1,325. The price has some more upside left but as I said in the previous posts, Gold bulls need to be very cautious....
Harsh Japee
Technical analysis
2016-05-03
167
visited:
Gold is seen to be trading at $1,292.00 levels at the moment, after hitting fresh highs at $1,303.00/04.00 levels yesterday. The yellow metal is expected to face resistance at $1,295.00/96.00 levels....
Petar Jacimovic
Technical analysis
2016-05-02
335
visited:
There is strong buying pressure on the market. Be careful when selling gold at this stage and watch for buying opportunities on the dips. I found successful testing of supply in a low volume, which is a good sign that smart money is interested in higher price. The first take profit level is set at the price of $1,304.00....
Alexandros Yfantis
Technical analysis
2016-05-02
342
visited:
Gold has broken above the important short-term resistance levels of $1,260-70 and has given new highs. A top around $1,300-$1,320 is still very probable as gold's bullish momentum is not as strong and oscillators enter overbought levels. I continue to believe upside potential is limited and I prefer to wait for a bigger pullback towards $1,150 to open long positions....
Harsh Japee
Technical analysis
2016-05-02
270
visited:
Gold is seen to be trading above $1,293.00 levels at this moment, consolidating its recent rally. As depicted here, the yellow metal should be heading towards $1,307.00/10.00 resistance levels before producing a meaningful correction....
Hossam Soliman Ali
Technical analysis
2016-04-29
315
visited:
Gold price continued its bullish rally yesterday and started today's trading with more positivity to reach the thresholds of the previously recorded top at 1282.92 which represents the first main suggested target in our previous reports ...
Petar Jacimovic
Technical analysis
2016-04-29
289
visited:
There is strong upward momentum on the market. Selling gold at this stage looks risky. My advice is to watch for buying opportunities on the dips. Take profit level is set at the price of $1,280.50 - $1,283.50....
Alexandros Yfantis
Technical analysis
2016-04-29
340
visited:
Gold price broke out of the consolidation range and the triangle pattern. The trend is bullish for the short-term targeting the $1,300-$1,320 area. Support is at $1,250, and a break below it will reverse the trend to bearish. It seems that we are first going to see $1,300-$1,320 before the $1,190-70 area after all....
Harsh Japee
Technical analysis
2016-04-29
268
visited:
Gold has pushed higher beyond $1,275.00 levels, taking out stops for now. The yellow metal has hit $1,280.00 levels today and is now trading at $1,274.00/75.00 levels. Still, $1,283.00 levels remain critical for bulls to take out....
Hossam Soliman Ali
Technical analysis
2016-04-28
304
visited:
The gold price shows clear bullish bias now and starts testing $1,260.00 levels. The price needs to breach this level to reinforce the positive expectations on the short-term basis....
Harsh Japee
Technical analysis
2016-04-28
250
visited:
Gold is seen to be trading at $1,254.00/55.00 levels for now, after reversing lower from $1,260.00 levels today. The yellow metal reversed from the Fibonacci 0.786 resistance of the drop from $1,270.00 and $1,227.00 levels respectively....
Petar Jacimovic
Technical analysis
2016-04-28
194
visited:
Supply came in on a high volume, which is a sign that buying looks risky. Watch for potential selling opportunities. The first take profit level is set at the price of $1,251.30....
Alexandros Yfantis
Technical analysis
2016-04-28
357
visited:
The dollar's weakness is helping gold prices move higher and challenge the recent highs and medium-term resistance. Bulls could manage at the end of this week to make a real breakout and push towards $1,300 but I continue to believe that this upside will be limited and bulls should be very cautious....
Hossam Soliman Ali
Technical analysis
2016-04-27
276
visited:
The gold price showed positive trading yesterday surpassing the EMA50 and settling above it. This supports the continuation of the expected bullish trend for the upcoming period, and the price is likely to resume the rise that targets 1,282.92 followed by 1,300.00 levels mainly....
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