empty
 
 
09.06.2021 03:48 PM
Gold struggles around $1,900 but remains inside the bullish channel.

Gold price is trading around $1,890 after reaching as high as $1,903. Short-term trend remains bullish after the low of $1,855 three days ago. Gold price remains inside the bullish channel since $1,677.

This image is no longer relevant

Blue lines- bullish channel

Gold price has the potential to move towards $1,950-60 as long as it holds above $1,870. Short-term trend is bullish and price already confirmed the lower channel boundary three days ago. Respecting support levels is key for the continuation of the bullish trend we are in. There are some warning signals that the upside might be over or limited, however there is still no trend change confirmation.

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