MG Network

our website isOn Vacation

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 on Gold for November 5, 2021.

Gold price is breaking out today making new highs and providing a short-term bullish reversal signal. Price is in a bullish trend as price has bounced off the cloud support and is now trading above both the tenkan-sen and kijun-sen indicators on a Daily basis.

analytics618596dc12a46.jpg

Gold price tested this week the cloud support and is bouncing off of it. Price has broken above $1,800-$1,810 resistance and has turned short-term trend to bullish. Gold is making new highs and has now potential to continue higher next week towards $1,850-$1,900. Gold has broken the major resistance trend line coming from $1,916 and is now expected to test the next major trend line at $1,840.

analytics618597d85a5d3.jpg

Blue line - resistance

Concluding, Gold bulls are in control of the short-term trend and the precious metal has the potential to provide a new stronger bullish signal of the coming weeks by breaking above the blue resistance trend line coming from its all time highs. Support remains key at $1,750-60.

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