Recently, Gold has been trading sideways at the price of $1,253.00. According to the 15M time frame, I found unconfirmed hidden bullish divergence, which is a sign that Gold may go higher. To confirm bullish divergence I would like to see breakout of $1,254.50 (pivotal point). My advice is to watch for potential buying opportunities. The first upward take profit is set at the price of $1,263.45.
Resistance levels:
R1: $1,261.80
R2: $1,264.80
R3: $1,269.80
Support levels:
S1: $1,252.00
S2: $1,249.00
S3: $1,244.00
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently,
Recently, Gold has been trading sideways at the price of $1,253.00. According to the 15M time frame, I found unconfirmed hidden bullish divergence, which is a sign that Gold may go higher. To confirm bullish divergence I would like to see breakout of $1,254.50 (pivotal point). My advice is to watch for potential buying opportunities. The first upward take profit is set at the price of $1,263.45.
Resistance levels:
R1: $1,261.80
R2: $1,264.80
R3: $1,269.80
Support levels:
S1: $1,252.00
S2: $1,249.00
S3: $1,244.00
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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