empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

19.04.202416:58 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray - overbought)

Rilevanza fino a 10:00 2024-05-03 UTC--4

Exchange Rates 19.04.2024 analysis

The weekly chart shows that gold maintains bullish momentum and has had strong gains for 10 consecutive weeks, but technically we are seeing an exhaustion of strength and it is likely that gold could fall in the coming days.

Gold has formed a Japanese candlestick pattern that left a long wick and a small body which means that there are resistance levels that prevent gold from a further rise. So, a trend reversal could occur.

Gold is showing signs of exhaustion and the outlook could be negative for the next few days if it trades below the psychological level of 2,400.

On the weekly chart, we see a consolidation for two weeks around the 2,400 area. Having reached the high of 2,431, we can observe a technical correction and now gold has reached another one-week high at 2,417. Since then, the metal has been showing another consolidation. It means that we could be facing the possibility of a trend change in the next weeks.

If gold consolidates above 2,400 in the coming days, then the bullish cycle could resume and the instrument could continue with its bullish potential and reach +2/8 Murray located at 2,500.

Technically, there is a strong bullish trend in gold, but a significant technical correction should occur on the weekly chart since we have observed bullish closes for several weeks. It indicates a negative week outlook for the next few days, so we could expect the price to fall towards 2,250. At that point, the price could make a technical rebound.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.