Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,237.34. Anyway, I still epxect higher price. Today I found an open and dive type of trading, which is a bullish session type. In the background, I found a broken trading range, which is another sign of strength. The price is also trading above 5-simple moving average. Watch for buying opportunities. Upwards targets are set at the price of $1,240.00 and $1,245.00.
Resistance levels:
R1: $1,235.00
R2: $1,236.10
R3: $1,237.15
Support levels:
S1: $1,233.40
S2: $1,232.75
S3: $1,231.70
Trading recommendations for today: consider potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,237.34. Anyway, I still epxect higher price. Today I found an open and dive type of trading, which is a bullish session type. In the background, I found a broken trading range, which is another sign of strength. The price is also trading above 5-simple moving average. Watch for buying opportunities. Upwards targets are set at the price of $1,240.00 and $1,245.00.
Resistance levels:
R1: $1,235.00
R2: $1,236.10
R3: $1,237.15
Support levels:
S1: $1,233.40
S2: $1,232.75
S3: $1,231.70
Trading recommendations for today: consider potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: