Early in the American session, gold is trading around 3,312 with a bullish bias after breaking out of the symmetrical triangle. Gold is now likely to continue rising in the coming hours, reaching the 7/8 Murray level at 3,359.
Gold has reached a new high for now, as the trend is very bullish, around 3,319.45. It is likely to continue rising in the coming days to the 3,360 level, as this level represents a strong technical reversal.
On the other hand, if gold falls below 3,300, it is likely that it could continue its technical correction to reach the 6/8 Murray level at 3,282.
A consolidation below the 6/8 Murray level could lead to a technical correction reaching the 21SMA at 3,241.
The eagle indicator is reaching extreme overbought. So, at the current price levels below its all-time high, it will be possible to sell with a target at 3,281.
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
コンタクトする 
