empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

22.08.202419:18 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for August 22-26, 2024: sell below $2,500 (8/8 Murray - 21 SMA)

Exchange Rates 22.08.2024 analysis

Early in the American session, gold is trading around $2,500, bouncing back after breaking the 21 SMA and testing the strong support as it has found a technical rebound on several occasions.

Gold is expected to bounce above 8/8 Murray in the next few hours. If it consolidates above 2,507, it could resume its bullish cycle, but if it breaks and consolidates below 2,500, we could see a bearish acceleration towards the bottom of the bullish trend channel around 2,470.

The bottom of the uptrend channel could give gold a chance for a technical bounce. From that point, it could reach 2,500 even +1/8 of Murray at 2,539.

The eagle indicator is showing a negative signal. So, we believe that below 2,500 and below 8/8 Murray, we could expect a downward move in the gold price. Then, we could sell with a stop loss above the 21 SMA (2,507).

In case gold reaches the key support at 2,470, we could look for buying opportunities above this area with targets at 2,485, 2,500, 2,507, and finally, at 2,539.

A sharp break of the uptrend channel forming since August 6 could change the outlook for gold and we could expect a trend reversal. Hence, the metal could reach the 200 EMA located at 2,460 and could even fall towards 5/8 Murray at 2,382.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.