MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Gold technical analysis for January 19, 2016

Gold price managed to close above weekly support last week, and there are signs that it can move towards $1,120. Gold is headed towards higher highs and higher lows confirming the bullish trend.

goldh4.jpg

Red lines - bullish channel

Green rectangle - target area

Gold price is trying to break above the short-term Ichimoku cloud resistance at $1,098. As long as the price holds above the lower red line of the bullish channel, bulls are in control of the trend with the most probable target at $1,120.

goldd.jpg

On a weekly basis, the price is trapped between the kijun- and tenkan-sen indicators. Support was held last week and gold seems now to be going to test the kijun-sen once again. I expect the yellow metal to move higher towards $1,120 this week.The material has been provided by InstaForex Company - www.instaforex.com