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 indicator analysis of gold for May 23, 2017

Gold price remains just below the important resistance of $1,265 where the 61.8% Fibonacci retracement is found. Trend remains bullish but a pullback towards $1,250 is justified in the short term. As long as price is above $1,213, I expect Gold to reach $1,280-$1,300.

analytics5923e0bc487eb.jpg

Gold price continues to trade above both the tenkan- and kijun-sen indicators. Support is at $1,257 and at $1,252. Resistance at $1,265. Cloud support is at $1,230.

analytics5923e1164aba2.jpg

Gold daily candle remains above the cloud and above the daily kijun-sen at $1,253. Gold price rise has stopped at the 61.8% Fibonacci retracement. Gold resistance is here. I expect at least a short-term pullback and then more upside. The bearish scenario of a move towards $1,150-60 will happen only on a break below $1,213.The material has been provided by InstaForex Company - www.instaforex.com