Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Gold is trading at $4,077, rebounding after reaching key support around $4,040. This level coincided with the 61.8% Fibonacci retracement, plotted from the low of $3,996.
Gold will likely continue its rise in the coming hours until it reaches $4,117. The instrument could even return to the 7/8 Murray located at $4,218.
Today, the labor market report from the United States will be released, which could generate strong volatility in gold, so we must be very attentive to the development of the technical movement. Above $4,062, where 6/8 Murray is located, we could take long positions, with targets at $4,150 and $4,172.
On the contrary, if there is consolidation below $4,065, we could expect gold to reach the 200 EMA around $4,023 or it could even find strong support around the bottom of the uptrend channel located at $4,010.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
