empty
 
 
27.02.2017 05:45 PM
Daily analysis of Gold for February 27, 2017

This image is no longer relevant

Overview

The price of gold has not shown any strong movements since morning. It keeps fluctuating near 1,255.00 level, keeping its stability above the initial support at 1.249.94. Notice that stochastics is getting rid of its negativity gradually to head towards the oversold levels, forming positive factor that we wait to assist to push the price to resume the bullish trend. Therefore, the main bullish trend scenario will remain valid and active on the intraday and short-term basis conditioned by holding above 1,249.94. We remind you that our next main target is located at 1,285.00. The expected trading range for today is between 1,245.00 support and 1,270.00 resistance.

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