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 November 28, 2017

Gold price continues to trade inside the upward sloping trading range but in an overlapping price formation. Price reached the upper channel boundaries yesterday and got rejected. Gold will eventually break lower. My short-term target is at $1,250.

analytics5a1d155704bb9.png

Blue lines - bullish channel

Gold price is trading above the 4-hour Kumo (cloud). Trend is bullish but very fragile as the rise is not impulsive. Price got rejected at the upper channel boundary at $1,298.50. Support is at $1,288 and next at $1,283. A close below the 4-hour Kumo (cloud) will be a bearish sign implying that the next leg down towards $1,250 has started.

analytics5a1d15c1c42f5.png

Gold price on a weekly basis is above the weekly Kumo (cloud). Price is expected to go towards the cloud support near $1,250-40 area. Support on a weekly basis is at $1,283. A weekly close below this level will confirm our view for $1,250. Longer-term I remain bullish but I believe a new major low should be expected.The material has been provided by InstaForex Company - www.instaforex.com