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 April 17, 2018

The Gold price tried to break above $1,350 yesterday but so far it has not succeeded. Short-term trend remains bullish as long as the price is above $1,340 but we must also keep in mind the important resistance we have right above at $1,350-65 where we see a big rejection last week.

analytics5ad598873e1b2.png

Long-term resistance is at $1,360-65 area. Long-term support at $1,300. Short-term resistance is at $1,351 and support at $1,340. The Gold price is mainly moving sideways both in the short and in the medium-term. After the big rejection and reversal from last weeks try to break out of the trading range, I believe we should expect one more leg lower towards at least $1,310.

Cloud support is at $1,333 and as long as we are above this level, the short-term trend is bullish.

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