empty
 
 
03.02.2023 08:39 PM
Gold falls below $1,900 as Dollar strengthens due to the better than expected Jobs Report.

This image is no longer relevant

Red line - support trend line

Blue line- bearish RSI divergence

Gold price is trading around $1,865. Price has lost in two days what it gained in several weeks. Gold price is trading below January 9 levels. The warning signs were there and we posted them before the reversal. All key short-term support levels we noted broke one by one providing key selling signals. The RSI was warning us even when price was testing $1,970 by making another lower high suggesting weakening up trend. Today price also broke below the upward sloping support trend line. Today's price action suggests that the entire upward move from $1,616 is complete. I expect Gold price to at least make a retracement relative to that upward movement. At $1,827 we find the first key Fibonacci retracement level of 38%. Gold is expected to test this level.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback