empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

01.04.202407:04 Forex Analysis & Reviews: Trading Signal for GOLD (XAU/USD) for April 1-3, 2024: sell below $2,270 (GAP - overbought)

Exchange Rates 01.04.2024 analysis

Gold hit a new high at 2,255 for now, although it could continue to rise. The low volume of negotiations during Easter and the low liquidity of the market gave strong volatility to gold.

XAU/USD reached the 8/8 Murray zone, representing the bulls' final target. Above this area, it could rise to 2,270.

Conversely, below this area, a strong technical correction is expected to occur because gold left a GAP during Friday's close and the opening of trading this week.

We believe that gold could make a strong technical correction if it consolidates below 2,270 in the next few hours. This area represents strong resistance that coincides with the top of the bullish channel and we could expect a correction to occur towards 7/8 of Murray located at 2,218.

If gold continues to rise above the current price of 2,252, it should consolidate above 2,250 (8/8 Murray). Thenm it could reach +1/8 Murray located at 2,281.

According to the H4 chart, gold has bullish potential, but on the H1 chart, it is showing overbought signs. So, we believe there could be a technical correction in the coming days and the price could cover the GAP that it left at 2,232. It could even fall below this area until reaching 2,196 (21 SMA).

Therefore, we can look for opportunities to sell gold below 2,270 with targets at 2,250, 2,232, and 2,196.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.