empty
 
 
18.04.2023 08:59 AM
Analysis of Gold for April 19, 2023 - Rejection of the key support in the background....

Technical analysis:

This image is no longer relevant

Gold has been downside yesterday but I found rejection of the key support at the price of $1.982, which is good sign for the further rally...

Due to the rejection of the key support zone in the background and upside cycle, I see potential for the further growth on the Gold.

Upside objectives are set at the price of $2.014 and $2.042

MACD oscillator is showing decreasing in the bear reading, which is sign that sellers are losing power and that buyers are coming.

Key support is set at the price of $1.982

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback