empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

12.07.202221:45 Forex Analysis & Reviews: Gold: deeper drop in play

Exchange Rates 12.07.2022 analysis

XAU/USD Downside Continuation Pattern!

The price of Gold dropped to new lows after failing to stay above the 1,733 former low which represented a downside obstacle. Now, it was traded at the 1,727 level at the time of writing below the 1,728 previous low. This level was seen as a downside obstacle as well. Dropping below this level signaled more declines.

Personally, I've drawn a downtrend line. As long as it stays under this line, Gold could drop towards new lows. The downtrend line stands as an upside obstacle.

Gold Trading Conclusion!

The breakdown below 1,728 and retesting this level signaled a downside continuation and it was seen as a selling opportunity.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.