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 December 23, 2016

The gold price remains inside its sideways trading range in what it seems a triangle pattern. The short-term trend is neutral. Gold is very close to important long-term support. A bounce is expected. There has been no reversal confirmation yet.

analytics585cdda1223c3.png

Blue line - short-term resistance

Green line - short-term support

The gold price is trading sideways between $1,143-$1,127. These two levels are important short-term support and resistance levels that, if broken, will at least provide a 10-20$ move.

analytics585cddde1d5b0.png

Red lines - downward sloping wedge

The weekly price continues to trade inside the downward sloping wedge and below the weekly cloud. Oscillators are diverging at oversold levels, but unless the price breaks above $1,150, there is no confirmation of a short-term trend change. Above $1,280-$1,300, the bullish scenario will once again become dominant.

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