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Форекс анализ
Ichimoku Indicator

07.08.202022:57 Форекс анализи и прегледи: Ichimoku cloud indicator analysis of Gold

Дългосрочен преглед

Gold price ended the week higher making new weekly all time highs and closed above $2,030. Trend remains bullish. The precious metal was under pressure on Friday as most probably profit taking by bulls took place.

Exchange Rates 07.08.2020 analysis

Gold price today made a new higher high but price closed below yesterday's lows. This is a warning sign of a short-term top. I do not expect price to form a major top. My first pull back target is at $1,990 and my second target is at $1,922. As we said in previous analysis, Gold price justifies a pull back. Any pull back is seen as buying opportunity. We expect Gold price to continue higher over the coming months.

*Анализът на пазара публикуван тук има за цел да повиши информираността Ви, но не и да дава указания за търговия.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2025
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