MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of Gold for May 27, 2016

, , , , , , , ,

Gold price made a new low yesterday as price remains inside the bearish channel. Gold is expected to make a bounce soon. The downside has not much more potential at this stage.

analytics5747f0161581f.jpg

Black line - long-term resistance

Blue lines - bearish channel

Gold price is still below the Kumo and inside the bearish channel. Resistance is at $1,225 for the short-term. Next resistance is at $1,235. Support is at $1,200-$1,190.Stochastic is oversold and diverging.

analytics5747f09cd11e9.jpg

The weekly view remains strongly bearish as price is expected to reach the upper Kumo boundary and the kijun-sen (yellow line indicator) near $1,180. Trend is bearish. The decline from $1,295 is the big pull back we have been waiting before the next big bullish move in Gold.The material has been provided by InstaForex Company - www.instaforex.com
at
Labels: , , , , , , , ,