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 cloud indicator analysis of Gold for September 5, 2018

Gold price remains inside the longer-term bearish channel. We had some indications for a bounce towards $1,220-30 but price has broken back below the critical $1,200 level. Last chance for bulls is at $1,180. Holding that level could provide bulls with another opportunity for a higher high towards $1,220. Otherwise a break below $1,180 will open the way for a move towards $1,140-$1,110.

analytics5b8f7eae88a76.png

Blue lines - bearish channel

Short-term resistance is at $1,200 and next at $1,209. Breaking above these levels will open the way for a bigger bounce towards the Daily Kumo (cloud) and the upper channel boundary at $1,220. Support is at $1,180. Breaking it will push price towards the lower channel boundary. Trend remains bearish.

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