Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

0

No products in the cart.

Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis of Gold for September 26, 2018

September 26, 2018 Analytics

[ad_1]

Gold price continues to trade around $1,200. Price has been trading between $1,211 and $1,190 for nearly a month now. Trend is neutral in the short-term although price remains inside the bearish channel.

analytics5bab2d2529525.png

Green lines – bearish channel

Red lines – trading range

Short-term resistance area is at $1,205-$1,211. A break above this level will push prices towards $1,220 at least. Support is at $1,190. A break below this level will most probably push Gold to new lows.

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

[ad_2]

Source link

Write a comment