Daily analysis of Gold for February 27, 2017
February 27, 2017 3:45 pmVideo
Latest News
- EUR/JPY larger drop signaled May 30, 2023
- AUD/USD Flag pattern signals bearish continuation May 30, 2023
- USD/JPY: downside reversal below 139.49 May 30, 2023
- USD/CAD to exits its range soon? May 30, 2023
- May 30, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 30, 2023
- May 30, 2023 : EUR/USD Intraday technical analysis and trading plan. May 30, 2023
- May 30, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 30, 2023
- Analysis of GBP/USD on May 30, 2023 May 30, 2023
- EUR/USD. Analysis for May 30, 2023 May 30, 2023
- AUD/USD. Wednesday – an important day for the Australian currency May 30, 2023
- Trading Signal for GOLD (XAU/USD) for May 30-31, 2023: buy above $1,947 (21 SMA – falling wedge ) May 30, 2023
- Technical Analysis – EURUSD builds floor around 1.07, but risks remain May 30, 2023
- Technical Analysis – Apple stock opens with positive gap, eyeing all-time highs May 30, 2023
- EUR/USD Outlook for May 30, 2023 May 30, 2023
- Weekly Technical Analysis – USDJPY, EURJPY, AUDUSD May 30, 2023
- Dollar turns to US employment report for more fuel – Forex News Preview May 30, 2023
- Technical analysis on SPX for May 30th, 2023. May 30, 2023
- XRPUSD breaks out of bearish channel May 30, 2023
- Technical analysis on EURUSD for May 30th, 2023. May 30, 2023
- Technical analysis on GBPUSD for May 30th, 2023. May 30, 2023
Overview
The price of gold has not shown any strong movements since morning. It keeps fluctuating near 1,255.00 level, keeping its stability above the initial support at 1.249.94. Notice that stochastics is getting rid of its negativity gradually to head towards the oversold levels, forming positive factor that we wait to assist to push the price to resume the bullish trend. Therefore, the main bullish trend scenario will remain valid and active on the intraday and short-term basis conditioned by holding above 1,249.94. We remind you that our next main target is located at 1,285.00. The expected trading range for today is between 1,245.00 support and 1,270.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: