empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

14.09.202212:15 Forex Analysis & Reviews: Technical analysis of gold

Gold:

Exchange Rates 14.09.2022 analysis

The chart shows the movement of gold in the 30-minute chart.

The previous analysis suggested further price growth in the medium term. However, the market is clearly volatile, as indicated by the nodes in the area of $1700.00 - $1704.00.

Considering that the key support level is the sloping line (blue) at $1694.00, there are two possible developments in gold.

First is a rise towards the resistance level of $1713.00 after the test of $1700. In case of a breakdown, quotes will head towards $1728.00.

The second is the breakdown of the key support level of $1694.00.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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.

Can't speak right now?
Ask your question in the chat.