empty
 
 
01.09.2019 10:45 AM
Weekly analysis on Gold

Gold has reached very close to the 161.8% extension of the August 2018- February 2019 rise. This was our second target area and we observe that the weekly RSI has reached overbought levels that preceded big corrections in the past.

This image is no longer relevant

Blue line - long-term resistance trend line (broken)

Red rectangles - RSI overbought tops

Gold price closed the week at $1,520 with a high at $1,555. Our 161.8% target was at $1,570. Gold could continue higher this week towards that level. However the RSI is at overbought levels that in the past have lead to corrections if not bear market. Bulls need to be very cautious. Key support is found in the short-term at $1,500-$1,490. Most probable pull back target area is at $1,400-$1,450. If the RSI breaks below 70 then top is in.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $5000 lebih lagi!
    Dalam November kami membuat cabutan bertuah $5000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget