Daily analysis of gold for October 21, 2016
October 21, 2016 1:45 pmVideo
Latest News
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- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
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- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
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- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
Overview
Gold price continues to fluctuate around the EMA50, while stochastic begins to provide positive overlapping signal on the 4H time frame. These factors support our main bullish trend overview which depends on the stability above $1,249.94. Our main target starts at $1,297.74. We remind you that breaching the targeted level will push the gold price towards $1,340.00 followed by $1,375.00 on the near term basis. The expected trading range for today is between $1,249.94 support and $1,285.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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