LATEST ARTICLES

Daily analysis of Gold for January 25, 2018

Posted On 25 Jan 2018
By :
Comment: 0
GOLDH4.png

Overview

Gold price is testing the support base formed at 1,357.50 after breaching it previously. The price needs to hold above this level to ensure the continuation of the expected positive scenario in the short term.

The EMA50 still supports the price and protects it inside the bullish channel that appears on the chart. So we still foresee the bullish trend for today provided that the price is holding above 1,357.50. Let me remind you that our next targets reach 1,375.00, followed by 1,404.00. The expected trading range for today is between 1,350.00 support and 1,375.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Daily analysis of Gold for January 25, 2018

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy