InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Daily analysis of GOLD for February 18, 2016 2016-02-18

    GOLDDaily.png

    Show full picture

    Overview

    As we mentioned in our last reports, breaching the level of 1,212.34 will ease the price mission to head towards the recently recorded top at 1,263.23. Until now, we still suggest the bullish trend unless breaking the 1180.86 level and holding below it, noting that our positive targets begin at 1,263.23 and extend to 1,300.00 on the near-term basis. In general, the bullish trend scenario remains valid and is expected in the upcoming period if the price settles above the 1,180.86 level. Breaching 1,263.23 levels will push the price to 1,155.42 and then probably to 1130.00 before any new attempt to rise.

    The expected trading range for today is between 1,180.00 support and 1,240.00 resistance.


    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