empty
 
 
26.10.2021 08:46 AM
Gold aims at 1,834.04 higher high!

Gold is trading in the green at the 1,805.46 level and it could resume its growth anytime. Surprisingly or not, the yellow metal jumped higher even if the Dollar Index has rallied in the short term.

XAU/USD stands in the buyer's territory, so further growth is natural. The US is to release its CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index, and the HPI today. These figures could bring more action in Gold. Some poor figures could lift the price of gold.

XAU/USD Upside Confirmed!

This image is no longer relevant

XAU/USD retested the broken downtrend line and now it has jumped above 1,800 psychological level again. Stabilizing above this level may signal further growth within the up-channel between the lower median line (lml) and the inside sliding line (sl).

A minor consolidation above 1,800.64 former high could bring great long opportunities. As you already know from my analyses, the ascending pitchfork's lower median line (lml) represents strong dynamic support. It could still increase as long as it stays above it.

Gold Forecast!

Technically, Gold validated its breakout above the major downtrend line signaling an upside reversal. 1,813.84 Friday's high is seen as the immediate upside obstacle. A minor consolidation above 1,800.64 followed by a new higher high could represent a good long opportunity.

1,834.04 high could be used as a potential upside target if the XAU/USD stays within the ascending pitchfork's body.

Ralph Shedler,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $1000 mais!
    Em Abril nós sorteamos $1000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback