Recently, gold has been trading upawrds. As I expected, the price tested the level of $1,207.78. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buying opportunities. A target is set on the supply cluster at the price of $1,218.00.
Resistance levels:
R1: 1,197.30
R2: 1,200.00
R3: 1,204.30
Support levels:
S1: 1,188.60
S2: 1,185.90
S3: 1,181.55
Trading recommendations for today: Watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, gold has been trading upawrds. As I expected, the price tested the level of $1,207.78. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buying opportunities. A target is set on the supply cluster at the price of $1,218.00.
Resistance levels:
R1: 1,197.30
R2: 1,200.00
R3: 1,204.30
Support levels:
S1: 1,188.60
S2: 1,185.90
S3: 1,181.55
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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