Gold price reached very close to our bounce target of $1,900 as it made a new higher high today at $1,898. Price got rejected and fell all the way back to $1,863 but support held and Gold price is back again near its highs.
Gold price is bouncing off its daily lows. This is promising for bulls. However price remains below the Kumo (cloud) and this is still bearish. Resistance by the lower cloud boundary is at $1,906. Bulls need first to recapture this level and break into the cloud. This will turn trend to neutral again. In order to turn trend bullish price must break above the upper cloud boundary at $1,961. Support remains at $1,860-50 as buyers step in each time price falls towards this price range. Breaking below $1,860-50 will be bearish.The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.