empty
 
 
08.01.2020 04:00 PM
Gold 01.08.2020 - Main upside target at the prrice of $1.600 reached, watch to buy on the dips due to strong bullish condition in the background

Gold reached my main target at the price of $1.600 but it lots of buyers exited their long positions there, which caused the price to trade lower towards the support at $1.570.

This image is no longer relevant

My advice is still to watch for buying opportunities on the dips and seems like that Gold is oversold on intraday prospective. Upward targets are set at $1.588 and $1.600.

Resistance level is seen at the price of $1.585 and $1.600

Support levels are seen at $1.570 and $1.555

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback