Gold, as we supposed, has tested the 1902.42-1910.88 area yesterday having got a bearish close of the day then. This can quite be a signal of upward correction ending and downward reversal of the market (black trajectory).
However we won’t rule out an option with a breakout of gold above 1910.88 on the back of alleviation of the american dollar against the majors. In this case we’ll get the prospects of recovery of the asset to 1961.69-1973.32 (blue scenario on the chart).
Yesterday bears were very active at the area of psychological resistance 1899.00-1901.95 (round level 1900.00). Thus today we also can expect quite massive limit sell-offs from this zone. This substantially lowers a possibility of break above this zone.
So, we expect growth of the quotes to 1899.00-1901.95, then a downward reversal in direction 1890.00 and 1885.00.
Longs to 1899.00-1901.95.
+$500 FOR TRADING 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 […]
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]