Gold: bouncing from local support
What's the upside target for gold now? Read the article and set your levels for the previous metal.
Gold: trade the sideways move
2021-01-15 • Updated
Gold gives a perfect example of sideways movement. Throughout the entire week, it's been fluctuatin between 1 837 and 1 864. Curently, the trajectory is pointign upwards. Therefore, once it comes to 1 864 - and it will, eventually, as the fundamentals wlil unlikely keep the gold price down for long - watch for the trend reversal signs. If there are none, assume that the resistance of 1 864 is about to be broken. Otherwise, 1 837 is the support to watch. If it is penetrated, the lower one is at 1 817.
Gaspar Markosyan
Similar
NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
USD/JPY: milestones of 2020 in the uptrend of 2021
Will USD/JPY make upswings following the resistance levels already met in 2020?
Latest news
S&P 500: recovery and reconquest?
How to trade the main US stock market index now? Read the article!
Oil: about to beat $63?
After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?
NVIDIA: hottest stock of the week
NVIDIA is set to release its earnings results after the closing bell on February 24. What to expect?
Deposit with your local payment systems
