Permanecer 
Condiciones de negociación
Products
Herramientas
The price of gold resumed its growth in the short term as expected. Now, it's trading at 1,982 and it seems determined to extend its growth. You knew from my previous analysis that XAU/USD is bullish in the short term.
Later, the fundamentals should take the lead. The US Core PCE Price Index could report a 0.4% growth, while the Canadian GDP may register a 0.4% growth after the 0.1% drop in the previous reporting period. In addition, the Eurozone CPI Flash Estimate, Core CPI Flash Estimate, and the US Chicago PMI, Revised UoM Consumer Sentiment, Personal Spending, and Personal Income could have an impact as well.
XAU/USD ignored the weekly pivot point of 1,974 and the 1,975 static resistance confirming strong upside pressure. I told you yesterday that a valid breakout through these obstacles, a new higher high, activates further growth.
In the short term, the yellow metal moved sideways trying to accumulate more bullish energy before extending its growth.
The breakout above 1,975 was seen as a buying opportunity. The current accumulation may announce further growth at least towards the median line (ml). A larger growth should be activated after making a valid breakout through the median line (ml).
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
