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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.

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Technical analysis of Gold for August 9, 2018

The Gold price remains in a bearish trend. Nothing much happened today as Gold price still trades inside the downward sloping wedge pattern. Prices mostly moved sideways between $1,206 and $1,215 as they do for the last couple of sessions. This behavior helps us determine some support and resistance levels with more confidence.

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