InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Gold technical analysis for February 10, 2016 2016-02-10

    Gold price is making a consolidation near highs between $1,185 and $1,200. This trading range once broken will provide at least a short-term trend pushing the price to at least $1,215 or $1,160.

    analytics56bae99592703.jpg

    Show full picture

    analytics56bae9e38623f.jpg

    Show full picture

    Yellow line - long-term resistance trend line

    Gold price is testing important weekly resistance levels as we anticipated yesterday. A breakout above the weekly cloud and out of the downward sloping wedge will increase chances for the long-term reversal. A rejection at current levels will open the way to the level of $1,100 again.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree