Ons team heeft meer dan 7,000,000 handelaren!
Elke dag werken we samen om de handel te verbeteren. We behalen hoge resultaten en gaan verder.
Erkenning door miljoenen handelaren over de hele wereld is de beste waardering voor ons werk! U heeft uw keuze gemaakt en wij zullen er alles aan doen om aan uw verwachtingen te voldoen!
Wij zijn samen een geweldig team!
InstaSpot. Trots om voor je te werken!
Acteur, UFC 6-toernooikampioen en een echte held!
De man die zichzelf heeft gemaakt. De man die onze kant op gaat.
Het geheim achter het succes van Taktarov is een constante beweging naar het doel.
Onthul alle kanten van je talent!
Ontdekken, proberen, falen - maar nooit stoppen!
InstaSpot. Je succesverhaal begint hier!
Early in the American session, gold is trading around 2,388.85, within an uptrend channel, above the 6/8 Murray, and above the 21 SMA.
We believe that gold could continue its rise in the next few hours, but technically it is showing signs of exhaustion. Hence, it is likely that there will be a final rally and the price could reach a high of 2,407.
In our previous articles, we explained that gold has bullish potential since it left a GAP at 2,392 on April 18 that was covered. This strategy always kept us with a positive outlook. Now we believe that gold could enter a technical correction phase, only if it falls below 2,375.
As long as gold trades and consolidates above 6/8 Murray, the outlook remains positive. So, a pullback and bounce above this area will allow us to resume buying with a target at 7/8 Murray located at 2,437.
On the contrary, a drop below 2,365 could mean a break of the uptrend channel and gold could reverse the trajectory downward. Therefore, we could expect it to reach 5/8 Murray located at 2,312 or the 200 EMA located at 2,313. If gold falls towards this area, it could find good support so that the bullish trend could still prevail.
With a daily close below the 200 EMA, the outlook for gold could be negative in the long term. We could expect a fall towards 4/8 Murray located at 2,250. Moreover, the price could even reach the psychological level of $2,200.
*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.