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*

Technical analysis of Gold for January 21, 2016.

Technical outlook and chart setups:

Gold has pushed higher as expected and should continue moving further towards $1,125.00 and $1,136.00. The metal is correcting lower for now, and it is expected to take a bullish turn from $1099.00/$1100.00 or a bit lower from $1,092.00/93.00 respectively. Please also note that $1,093.00 is fibonacci 0.618 support of the rally between $1,082.00 and $1,110.00 as well. Besides, an immediate trend line support would be passing through the same levels.It is recommended to remain long from the earlier positions and look to add further on dips towards the $1,093.00 levels. Immediate support is seen at the $1093.00 levels, while resistance is seen at the $1,113.00 levels respectively.

Trading recommendations:

Remain long, look to add further at the $1,093.00 levels, stop at $1,080.00 now, target $1,125.00/36.00.

Good luck!

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