country flagالعربية
0

Gold Technical analysis 15 October 2018

2018-10-14 10:01 pm | Resource: Technical Analysis | No Views : 110

Time frame Used - four hours
Gold is moving in a bullish direction in the near term
GOLD CHART
The purchasing power managed to control the movement of gold to penetrate the level of 1215 to reach the resistance level of 1226, where it faces selling pressure around this level Forming a negative candlestick pattern
  In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
  Therefore we expect that the gold will fall back to level  1215-1212 again
The alternative scenario is that gold breach level 1226 higher to target the level of 1235
Resistance: 1226 - 1235 - 1247
Support: 1212 - 1204 - 1191
  Direction: Up
Technical Analysis
Commodities Analysis
Bitcoin News


Other news

Gold fell as stocks rose and the dollar stabilized

  Gold prices fell today, as investors' appetite for high-risk assets recovered. Global equity indexes rose on Tuesday after recovering from China's weak export data after signs of Beijing's boost to slowing the economy, including increased tax cuts. China announced earlier this week a $ 190 billion tax cut this year with an emphasis on "efficiency promotion". The objective of the program is to make local governments issue more private…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.