InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Gold technical analysis for February 26, 2016 2016-02-26

    Gold price continues to move sideways in a more complex structure but also holds above the important support of $1,200-$1,210 keeping bulls' hopes alive .

    analytics56d0054a1c159.jpg

    Show full picture

    Yellow line - medium-term support

    Gold price remains above the Kumo (cloud) and above both two support trend lines. Support is found at $1,230 in the short-term and at $1,210 in the medium-term. Resistance is seen at $1,254. As long as gold price is above $1,200, bulls will stay in the game for a move towards $1,300.

    analytics56d005a48f867.jpg

    Show full picture

    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