empty
 
 
19.11.2021 05:48 PM
Gold trapped inside short-term trading range.

Gold price was very volatile the last couple of days with price touching $1,850 three times and testing resistance at $1,863-68 five times. Most probable outcome would be for price to move lower towards $1,800, but traders need to be patient and not front run the market.

This image is no longer relevant

Red rectangle - resistance

Blue rectangle - support

Gold price tested the $1,850 support twice yesterday. This is promising for bulls. Breaking above $1,865-70 would be a bullish sign and would push price towards $1,900. However I expect the new higher high if it comes, to be accompanied by a lower high in the RSI and a bearish divergence warning. I believe it is time Gold makes a corrective pull back. Breaking below $1,850 would be the signal that confirms the start of the pull back. My first target is at $1,830 and next at $1,810.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback