empty
 
 
Back Technical analysis
analytics6adb14a9f2699.jpg
Back Technical analysis
Gold on October 23: Dominance of Selling Forces.
The one-hour (H1) chart for Gold
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
The one-hour (H1) chart for Gold (GOLD) reveals a sharp, aggressive bearish trend, with the downward momentum accelerating. Currently trading at 4018.50, the price has sustained a continuous decline, breaking through several key technical support levels and vital pivot points—a clear indication that selling pressure dominates and the "bears" are in control of the short-term market movement.Technical Analysis and Price ActionPrice Channel Structure: The price is moving within a broad, primary descending channel (in blue), which reflects the overall negative
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Nermin Ezzeldin,
Analytical expert of InstaForex
© 2007-2026
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 $1000 more!
    In October we raffle $1000 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
  • 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