empty
11.05.2011 10:37 AM
GOLD Intraday Technical analysis

This image is no longer relevant

 

Gold is currently testing the upper limit of its short-term bullish channel to 1526 and seems to initiate a decline. However a break of these levels would free up significant potential and reach the upper limit of its medium-term bullish channel to1550.

According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1526 with a 1st objective of 1540, then 1550. A break in 1523 would invalidate this scenario.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Recommended Stories

US Dollar Index (DXY). Analysis and Forecast

The U.S. Dollar Index, which tracks the performance of the U.S. dollar against a basket of major currencies, continues to trade with a bearish bias for the second consecutive

Irina Yanina 10:56 2025-05-16 UTC+2

EUR/USD. May 16th. A Challenging Path for the Dollar

On Thursday, the EUR/USD pair twice declined toward the 127.2% Fibonacci level at 1.1181 and bounced off it both times, signaling a reversal in favor of the euro. This opens

Samir Klishi 10:21 2025-05-16 UTC+2

Forecast for GBP/USD on May 16, 2025

On the hourly chart, the GBP/USD pair on Thursday reversed once again in favor of the British pound and began a renewed move toward the resistance zone of 1.3344–1.3357

Samir Klishi 10:13 2025-05-16 UTC+2

EUR/USD Forecast for May 16, 2025

In yesterday's calm market, despite the release of various economic data from Europe and the U.S., the euro still managed to gain 13 pips. At the very least, this confirmed

Laurie Bailey 05:21 2025-05-16 UTC+2

GBP/USD Forecast for May 16, 2025

On Thursday, the UK released strong GDP data but failed to spark noticeable activity in the currency market, as the growth came solely from the services sector

Laurie Bailey 05:21 2025-05-16 UTC+2

USD/JPY Forecast for May 16, 2025

Friday may mark the fourth consecutive day of a bearish (black) daily candle. The last time this pattern occurred was from February 3–6. In that instance—and the two previous occurrences—a

Laurie Bailey 05:07 2025-05-16 UTC+2

USD/CAD Forecast for May 16, 2025

Over the past four days, the price has failed to break through the resistance level at 1.4010, not that it made much of an attempt. Yesterday, the price reversed from

Laurie Bailey 05:07 2025-05-16 UTC+2

Bitcoin Forecast for May 16, 2025

Bitcoin's seven-day consolidation above the 102,698 level appears to be coming to an end. We await the final confirmation from the Marlin oscillator, which needs to bounce off the lower

Laurie Bailey 05:07 2025-05-16 UTC+2

Trading Signals for BITCOIN for May 15-19, 2025: sell below $103,600 (+1/8 Murray - 21 SMA)

If Bitcoin fails to break above 103,700, a further technical correction is expected. So, the price could reach the psychological level of $100,000 and even reach the bottom

Dimitrios Zappas 16:51 2025-05-15 UTC+2

Trading Signals for GOLD for May 15-19, 2025: buy above $3,222 or sell below $3,203 (200 EMA - 5/8 Murray)

Early in the American session, gold is trading around 3,195, below the 5/8 Murray line and below the 200 EMA and the 21 SMA, with a strong bullish bias. During

Dimitrios Zappas 16:50 2025-05-15 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.