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

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 October 26, 2016

Gold price has broken above the trading range and is making higher highs and higher lows. I remain short-term bullish looking for $1,300 to be reached. My long-term view remains bullish.

analytics5810637f6d464.jpg

Blue line - resistance

Red line - support

Gold price is above the Ichimoku cloud making higher highs and higher lows. As long as price is above $1,250 I remain short-term bullish looking for $1,300-$1,290. Short-term support is at $1,265 and next at $1,250. Resistance is at $1,290-$1,300.

analytics581063e6e2f4a.jpg

The daily chart remains bullish looking for a push at least towards the kijun-sen (yellow line indicator). The tenkan-sen (red line indicator) has held and price is breaking out now towards $1,300. Price could also reach the cloud if we close above the kijun-sen.The material has been provided by InstaForex Company - www.instaforex.com