empty
 
 
16.11.2016 10:38 AM
Technical analysis of gold for November 16, 2016

Gold price is trading sideways with a slight positive slope. Price is inside a short-term bullish channel but the bullish trend is still very fragile as long as the Dollar remains so strong. Gold is in a corrective phase and is expected to make or to already have made a major low between $1,220-$1,170.

This image is no longer relevant

Black lines - bullish channel

Gold price is relieving its oversold conditions but price is not bouncing strong enough. Support is at $1,222 and resistance at $1,232. As long as price is below $1,300 short-term trend remains bearish.

This image is no longer relevant

Gold price remains above the Ichimoku cloud. Price is bouncing off cloud support. Next important support is the 61.8% Fibonacci retracement of the rise from $1,045 to $1,375. Gold is in its final downward move before the next big upward move that is expected to push Gold to new highs.
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 $5000 more!
    In November we raffle $5000 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