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*

Gold analysis for November 22, 2016

analytics58344bd15bf2f.png

Since our previous analysis, gold has been trading sideways next to the price of $1,214.80. Using the market profile analysis, I found a strong multiday point of control near the price of $1,225.00. I also found a potential bearish flag formation, which is a sign of weakness. Watch for a potential breakout of the upward channel to confirm a downward direction. The first target is set at the price of $1,203.00

Fibonacci pivot points:

Resistance levels:

R1: 1,217.40

R2: 1,220.10

R3: 1,224.60

Support levels:

S1: 1,208.40

S2: 1,206.00

S3: 1,201.65

Trading recommendations for today: Watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com