empty
 
 
15.11.2019 04:24 PM
Gold 11.15.2019 - Potential new upward movement, resistance found at $1.473

Gold found decent support at the price of $1.464 (middle of the Bollinger band) and the recent balance area. I do expect further upside and potential for re-test of $1.473 and $1.481. Watch for potential buying opportunities

This image is no longer relevant

MACD oscillator is showing that slow line is rising and that buyers are in control.

The cause of the most recent upside move on the Gold is big bullish divergence on the MACD in the background and momentum lost from sellers.

Support levels are seen at the price of $1.464 and $1.460. Resistance levels are seen at the price of $1.473 and $1.481.

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 $8000 more!
    In March we raffle $8000 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