Analysis of Gold for June 30, 2017
June 30, 2017 11:38 amVideo
Latest News
- Technical Analysis – Will gold resume its prevailing uptrend? May 27, 2024
- Technical Analysis – USDCAD pulls back but diagonal line still stands May 27, 2024
- Technical Analysis – USDJPY remains stuck in a tight range May 27, 2024
- EUR/USD: trading plan for the US session on May 27th (analysis of morning deals). The euro is trying to continue its growth May 27, 2024
- Forecast of EUR/USD pair on May 27, 2024 May 27, 2024
- Forecast of GBP/USD pair on May 27, 2024 May 27, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and US dollar index May 27, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 27th May 27, 2024
- Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday May 27 2024. May 27, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Currency Pairs, Monday May 27 2024. May 27, 2024
- Weekly Technical Outlook: 27/05/2024 – USDJPY, EURUSD, AUDUSD May 27, 2024
- Forex forecast 05/27/2024: EUR/USD, GBP/USD, USD/JPY, USD/CAD and Bitcoin from Sebastian Seliga May 27, 2024
- In the thick of things: inflation in the West and financial news from the East May 27, 2024
- USD/JPY: trading tips for beginners for European session on May 27 May 27, 2024
- GBP/USD: trading tips for beginners for European session on May 27 May 27, 2024
- EUR/USD: trading tips for beginners for European session on May 27 May 27, 2024
- Technical Analysis – EURUSD ticks up before testing descending trendline May 27, 2024
- EUR/USD and GBP/USD: Technical analysis on May 27 May 27, 2024
- Forecast for EUR/USD on May 27, 2024 May 27, 2024
- Forecast for GBP/USD on May 27, 2024 May 27, 2024
Recently, Gold has been trading sideways at the price of $1,244.00. According to the 4H time frame, I found a diamond formation in creation. Currently the price is testing the upward trendline and my advice is to watch for buying opportuntiies. The first upward target is set at the price of $1,250.00.
Resistance levels:
R1: $1,247.50
R2: $1,251.00
R3: $1,253.00
Support levels:
S1: $1,242.30
S2: $1,240.00
S3: $1,237.00
Trading recommendations for today: consider potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: