Gold market structure remains downward. Given the fact, that upswing is fully completed and also high probability of bearish pin forming at the tip of this swing, we should regard 1516.23-1519.17 as key resistance zone.
The main scenario would be continuation of decline if it’s not broken. Otherwise gold might recover towards 1534.43.
Local structure on the contrary has kept upward tone having got bullish pin at the tip of corrective swing! It’s a buy signal. Thus there is a high probability of gold’s growth in direction of the last structure’s high (1516.50).
Growth in direction 1516.50 with aim at 1534.43.
Longs towards 1516.50 and 1534.43.
To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]
Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]