Gold prices have failed to extend the December 2016 rally. Prices are settling back from the USD1263.80 monthly high of 27 February, as bullish short-term studies unwind.
Focus is turning to the USD1216.80 low of 15 February, with the USD1210, (38.2%) Fibonacci retracement just beneath here. A break to congestion around USD1200 is looked for, as overbought momentum studies unwind, with risk of a test of the USD1193, (50%) retracement before the rising Tension Indicator (not shown) helps to stabilise prices.
A close above USD1263.80 is needed to reinstate the bullish trend, and open up the USD1278.40 Fibonacci retracement. However, immediate gains are expected to fade beneath here, as short-term profit-taking develops.
Focus is turning to the USD1216.80 low of 15 February, with the USD1210, (38.2%) Fibonacci retracement just beneath here. A break to congestion around USD1200 is looked for, as overbought momentum studies unwind, with risk of a test of the USD1193, (50%) retracement before the rising Tension Indicator (not shown) helps to stabilise prices.
A close above USD1263.80 is needed to reinstate the bullish trend, and open up the USD1278.40 Fibonacci retracement. However, immediate gains are expected to fade beneath here, as short-term profit-taking develops.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.