Bitcoin analysis for 01/09/2017

Forex analysis review
Bitcoin analysis for 01/09/2017

Daily analysis of Gold for September 01, 2017

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Overview

The gold price shows some slight bearish bias after approaching the bullish channel's resistance, affected by stochastic negativity. Meanwhile, the EMA50 keeps supporting the price, and as long as the price is above 1,295.37, the bullish trend scenario will remain active for today and the price is likely to head towards 1,350.00 as the next main station. On the other hand, we should note that a break of 1,295.37 will stop the expected rise and make the price decline towards areas that start at 1,249.94 before any new attempt to rise. The expected trading range for today is between the 1,300.00 support and the 1,350.00 resistance.

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

Daily analysis of Silver for September 01, 2017

SILV-9.17H4.png

Overview

The silver price closed positively above 17.43 levels in attempt to confirm formation of the support base above it. This reinforces expectations of bullish trend continuation on the intraday and short-term basis. The way is open for heading towards our next main target at 18.30. Therefore, we are waiting for more rises in the upcoming sessions inside the bullish channel shown on the chart. A break of 17.43 might force the price to test 17.00 and might extend to 16.56 levels before any new attempt to rise. The expected trading range for today is between the 17.40 support and the 17.75 resistance.

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