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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



Gold Still Vulnerable!

The price of gold plunged and now it stands at 1,763.43. It has rebounded in the last hours after dropping as much as 1,750.75 today. It has dropped also because the US Dollar Index has rallied.

It has found support again and now is trying to recover. Unfortunately, the pressure remains high despite the current bounce back. DXY's further growth could push XAU/USD lower. You should be careful these days as the US is to release high-impact data during the week.

These events could have a big impact on gold. Some poor economic figures could really bring a new leg higher.

XAU/USD Found Support Again!


Gold has found support below the upper median line (UML) again. Stabilizing above this dynamic support could indicate more gains.

Technically, escaping from the triangle pattern and making a new lower low signal that XAU/USD is vulnerable to slide further.


Staying below the S1 (1,765.44) and dropping below 1,750.74 today's low could really activate a larger drop, 1,700 is seen as a major downside target.

The material has been provided by InstaForex Company -