empty
 
 
id
Bantuan
Pembukaan akun instan
Platform Trading
Deposit/Penarikan

20.10.202114:33 Forex Analysis & Reviews: Gold makes baby steps towards big upward breakout.

Gold price continues to respect cloud support. In our previous posts we noted that as long as Gold price remains above the Ichimoku cloud, bulls will have the upper hand. Gold price is challenging recent highs at $1,784 while price is now at $1,781.

Exchange Rates 20.10.2021 analysis

Black line- major resistance

Gold price tested the cloud support once again and price is bouncing again. Yesterday we said that bulls need to hold above the cloud and break above yesterday's high. Yesterday's reversal was not a good sign and that is why bulls needed to break above it. This will increase the chances of price breaking also the black downward sloping resistance trend line. Support by the cloud in the 4 hour chart is at $1,775-70. Bulls need to defend this. Resistance by the trend line is at $1,792. Recapturing the $1,790-95 level, bulls will most probably get the upper hand and confirm the trend reversal.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2024
Manfaat dari rekomendasi para analis saat ini
Akun trading teratas
Buka akun trading

Tinjauan analitis InstaSpot akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaSpot, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.