Daily analysis of Gold for April 23, 2018 - Forex247

Latest

Keep Your Trading Simple and Smart

Monday, April 23, 2018

Daily analysis of Gold for April 23, 2018

analytics5addd80a5c2cd.png

Overview

Gold is trading downwards steeply to attack 1,331.00 level and is moving below it now. This opens the way to continue the bearish bias for the rest of the day, activating the bearish scenario on the intraday basis. 1,316.48 is most likely to be tested. Therefore, the bearish trend remains valid for the upcoming sessions unless the price manages to breach 1,335.40 level and holds above it again. The expected trading range for today is between 1,320.00 support and 1,350.00 resistance.

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


No comments:

Post a Comment