Gold rallies from 1,390.00 support. 1,425.00 in sight now Trend News

Technical outlook and chart setups:

Overall structure remains constructive for bulls and buying on dips is recommended. Immediate resistance is seen at 1,420/25 levels now, and a push ahead of it could target 1,450/60, followed by 1,488.00 and 1,520.00 resistances respectively. Looking into the lower time frames (shown in a cone structure here), the metal is trading sideways and has just bounced off the support line at 1,390.00 level a few hours back. A bullish break above 1,415.00 is again required to ascertain that Gold is set to print higher highs around 1,500.00 level. Remain long for now, and immediate support is at 1,370.00, followed by 1,340/50, 1,324.00 and lower.

Trading recommendations:

Remain long, stop is below 1,370.00, and target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold rallies from 1,390.00 support. 1,425.00 in sight now . Thanks for your support on Gold rallies from 1,390.00 support. 1,425.00 in sight now

Gold rallies from 1,390.00 support. 1,425.00 in sight now Trend News

Technical outlook and chart setups:

Overall structure remains constructive for bulls and buying on dips is recommended. Immediate resistance is seen at 1,420/25 levels now, and a push ahead of it could target 1,450/60, followed by 1,488.00 and 1,520.00 resistances respectively. Looking into the lower time frames (shown in a cone structure here), the metal is trading sideways and has just bounced off the support line at 1,390.00 level a few hours back. A bullish break above 1,415.00 is again required to ascertain that Gold is set to print higher highs around 1,500.00 level. Remain long for now, and immediate support is at 1,370.00, followed by 1,340/50, 1,324.00 and lower.

Trading recommendations:

Remain long, stop is below 1,370.00, and target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Gold rallies from 1,390.00 support. 1,425.00 in sight now . Thanks for your support on Gold rallies from 1,390.00 support. 1,425.00 in sight now

EurJpy remains unchanged. 132.00 immediate resistance Trend News

Technical outlook and chart setups:

The single currency pair is targeting 129.00/128.50 levels at the moment. There is no change in the underlying structure, from what has been discussed earlier. Immediate resistance is at 132.00; followed by 133.50/134.00. It is recommended to remain short for the intermediary downswing targets around 127.00 at least. All intraday rallies should be well capped below 132.00/50 now. Supports are spread through 129.00, followed by 127.00 and lower. The Fibonacci extensions are pointing at 127.50 as minimum targets and 125.00 towards lower. Looking lower for now with immediate resistance at 132.00/50.

Trading recommendations:

Hold short positions, stop is at 134.00, and target is at 127.50.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy remains unchanged. 132.00 immediate resistance . Thanks for your support on EurJpy remains unchanged. 132.00 immediate resistance

EurJpy remains unchanged. 132.00 immediate resistance Trend News

Technical outlook and chart setups:

The single currency pair is targeting 129.00/128.50 levels at the moment. There is no change in the underlying structure, from what has been discussed earlier. Immediate resistance is at 132.00; followed by 133.50/134.00. It is recommended to remain short for the intermediary downswing targets around 127.00 at least. All intraday rallies should be well capped below 132.00/50 now. Supports are spread through 129.00, followed by 127.00 and lower. The Fibonacci extensions are pointing at 127.50 as minimum targets and 125.00 towards lower. Looking lower for now with immediate resistance at 132.00/50.

Trading recommendations:

Hold short positions, stop is at 134.00, and target is at 127.50.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via EurJpy remains unchanged. 132.00 immediate resistance . Thanks for your support on EurJpy remains unchanged. 132.00 immediate resistance

GbpChf remains bullish above 1.4400 Trend News

Technical outlook and chart setups:

The structure has not changed from last few trading sessions, as depicted here. Immediate support is at 1.44, followed by 1.4070 and lower. Till the time prices are above 1.44 level, the single currency pair is expected to print higher highs. Immediate resistance would be at 1.47, followed by 1.48 and 1.5 as major resistance higher. It is recommended to hold long positions, with a strict stop below 1.44 for now. In the event of a break below 1.44 level, the structure would warn further bearishness, and we could look to sell rallies thereafter. For now, looking higher.

Trading recommendations:

Hold on to long positions, stop is at 1.4350, and target is open. Conservative trade setup would be to exit longs and remain flat.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com



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