Forex rate forecast gold 09.23.2016

22 сентября 2016 - Fx4News

Interest in gold has increased by the weakening of the US dollar, as the US Federal Reserve refrained from raising the key rate and reduced the forecast of the expected rate hike in 2017.

The current situation

for gold day was positive, and bidding closed in the "green" zone. Buyers struck resistance in the region of $ 1330 per ounce. Growth slowed, and on Thursday the price was trading above 1330. The tool has departed from the moving averages on the 4-hour chart. EMA-50, 100-EMA-EMA 200 and turned in an upward direction in said time frame. Resistance is located at 1340 support - to $ 1,330 per ounce.

MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI is approaching overbought territory.

Forecast for today gold

XAU / USD instrument can continue to grow in 1340. In the district if the sellers will reduce the price below the level of 1330, to portation precious metal may fall to the level of $ 1320 per ounce.

Based on materials from Fort Financial Services