empty
 
 
24.07.2024 06:01 PM
Trading Signals for GOLD (XAU/USD) for July 24-27, 2024: sell below $2,437 (21 SMA - 6/8 Murray)

This image is no longer relevant

Early in the American session, Gold (XAU/USD) is trading at 2416 above 5/8 Murray and above the 21 SMA, testing the top of the bearish trend channel whose break could originate a new bullish sequence for gold. If gold breaks 2,416, it could extend its rise and reach 2,437 in the next few hours.

Technically, XAU/USD could reach 6/8 Murray located at 2,437. Beyond this level, it could return to 2,468 and even towards the psychological level of 2,500.

On the contrary, if gold falls below 2,405, there is a possibility of reaching 4/8 Murray at 2,375 which coincides with the 200 EMA and acts as a good key support.

In case gold falls below this key level of 4/8 Murray, the outlook could be negative. Therefore, the metal could reach 2/8 Murray located at 2,312 in the short term.

Gold during the European session, the instrument reached 2,417. We believe it could rise later today and then resume its bearish cycle. Meanwhile, we can sell below 2,437. Around this level, there is an important resistance. We suppose if the price fails to overcome this level and consolidate above 2,440, gold could make a technical correction.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $4000 más!
    ¡En Julio, sorteamos $4000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback