Recently, Gold has been trading sideways at the price of $1,295.70. According to the H1 time – frame, I found a broken support trendline inside of the potential bearish flag. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,292.30 and at the price of $1,285.30.
Resistance levels:
R1: $1,304.15
R2: $1,305.13
R3: $1,306.05
Support levels:
S1: $1,302.25
S2: $1,301.35
S3: $1,300.36
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading sideways at the price of $1,295.70. According to the H1 time – frame, I found a broken support trendline inside of the potential bearish flag. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,292.30 and at the price of $1,285.30.
Resistance levels:
R1: $1,304.15
R2: $1,305.13
R3: $1,306.05
Support levels:
S1: $1,302.25
S2: $1,301.35
S3: $1,300.36
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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