GOLDH4.png

Overview

The GOLD price shows new attempts to breach the key resistance 1,231.13, as the price gets positive momentum impacted by the positive overlapping signal provided by stochastic. The price is likely to breach the mentioned level to confirm the bullish wave extension to 1,263.17 as the next main station. Therefore, the bullish bias will remain suggested for the rest of the day unless breaking and holding below 1,211.30. The EMA50 keeps supporting the suggested bullish wave. The expected trading range for today is between the 1,211.30 support and the 1,240.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! Register a real money account here and get trading right away.

 Comment on this article

Top Viewed This Week


Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend