Gold price has broken above the trading range and is making higher highs and higher lows. I remain short-term bullish looking for $1,300 to be reached. My long-term view remains bullish.
Blue line – resistance
Red line – support
Gold price is above the Ichimoku cloud making higher highs and higher lows. As long as price is above $1,250 I remain short-term bullish looking for $1,300-$1,290. Short-term support is at $1,265 and next at $1,250. Resistance is at $1,290-$1,300.
The daily chart remains bullish looking for a push at least towards the kijun-sen (yellow line indicator). The tenkan-sen (red line indicator) has held and price is breaking out now towards $1,300. Price could also reach the cloud if we close above the kijun-sen.The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Gold price has broken above the trading range and is making higher highs and higher lows. I remain short-term bullish looking for $1,300 to be reached. My long-term view remains bullish.
Blue line – resistance
Red line – support
Gold price is above the Ichimoku cloud making higher highs and higher lows. As long as price is above $1,250 I remain short-term bullish looking for $1,300-$1,290. Short-term support is at $1,265 and next at $1,250. Resistance is at $1,290-$1,300.
The daily chart remains bullish looking for a push at least towards the kijun-sen (yellow line indicator). The tenkan-sen (red line indicator) has held and price is breaking out now towards $1,300. Price could also reach the cloud if we close above the kijun-sen.The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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