Gold managed to rebound again towards the 4405-10 zone and above.
Gold managed to rebound again towards the 4405-10 zone and above.
As we see over the chart, the market is facing the first support around 4385. If prices remain above it, the advance test towards the 4425-30 resistance will still be ongoing.
Above 4430 more advance will be expected with resistances as we see from the chart.
Below 4385 more of a drop is likely with supports at 4345 and 4303.
Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). Orbex LIMITED is licensed to provide Investment Services (Reception & Transmission, Execution and Dealing on own account) and Ancillary Services.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, the level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Comments
Log in or sign up to join the conversation.