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*

Daily analysis of Gold for May 05, 2016

GOLDH4.png

Overview

Gold price showed bearish bias to approach after testing the bullish support line that is located at 1,268.90, which met the EMA50 to strengthen it. Stochastic is moving bullishly in the four-hour time frame. Therefore, we believe that there are chances to resume the bullish trend in the upcoming sessions. The price needs to breach 1,282.92 – 1,284.75 levels to confirm opening a way towards the targeted levels of 1,344.85. Breaking of the 1,268.90 level will push the price to suffer more losses and test the most important support at 1,227.40 before any new attempt to rise.

The expected trading range for today is between the 1,266.00 support and the 1,310.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com