27.09.201809:00 Forex Analysis & Reviews: Technical analysis of Gold for September 27, 2018

Long-term review

Gold price remains trapped inside the bearish channel and inside the trading range between $1,211-$1,190. Short-term trend remains neutral. Gold traders should be patient and wait for a breakout sign.

Exchange Rates 27.09.2018 analysis

Red lines - trading range

Green lines - bearish channel

Short-term resistance is at $1,203 and next at $1,211. Support is at $1,190 and next at $1,186. Breaking above or below the second important levels will open the way for a move to $1,220-30 or $1,150-40 respectively. So far traders better stay on the sidelines as price continues to trade within the range.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Alexandros Yfantis,
Chuyên gia phân tích của InstaForex
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