empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

04.09.201811:36 Forex Analysis & Reviews: Analysis of Gold for September 04, 2018

Long-term review

Exchange Rates 04.09.2018 analysis

Recently, Gold has been trading downwards. The price tested the level of of $1,193.20. According to the H1 time - frame I found a broken upward channel in the background, which is a sign that buying looks risky. I also found that price is trading below the Ichimoku cloud and that support level at the price of $1,195.00 was broken. Watch for selling opportunities. The downward targets are set at the price of $1,182.80 and at the price of $1,160.70.

Resistance levels:

Kijun- sen - $1,198.35

Tenkan-sen - $1,197.40

Resistance cluster - $1,195.00

Target levels:

$1,182.80

$1,160.70

Trading recommendations for today: watch for selling opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.