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*

Ichimoku indicator analysis of gold for May 25, 2017

Gold price has held above the support level and reversed higher again today as we expected. Now it is testing important highs. The resistance between $1,257-$1,265 is critical for the short-term trend. Breaking it will open the way for a rise towards $1,280 at least.

analytics5925f5839ef37.jpg

The price is trading above the 4 hour Kumo. The trend is bullish. Gold back-tested the cloud support and shows reversal signs, indicating that the price is ready to break above $1,265 and test the major weekly resistance at $1,280-$1,300. Support at $1,245 remains the key one. If it is broken, we will test $1,220.

analytics5925f5c868784.jpg

On the daily chart we still have no breakout. The price is trying to breach above the daily cloud and if it succeds, this will be a bullish sign. Holding the lower cloud boundary intact is a sign of strength. The correction looks like it wants to be a sideways one rather than a deep one. The levels of $1,280-$1,300 are seen as the next targets.The material has been provided by InstaForex Company - www.instaforex.com