Recently, Gold has been trading upwards. The price tested the level of $1,236.94. According to the H4 time – frame, I found a broken supply trendline in the background and an upward movement, which is a sign that buyers are in control and that selling looks risky. The MACD oscillator is trading up, which is another sign of strength. My advice is to watch for buying opportunities with the upward targets at the price of $1,243.10 and at the price of $1,265.15.
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The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading upwards. The price tested the level of $1,236.94. According to the H4 time – frame, I found a broken supply trendline in the background and an upward movement, which is a sign that buyers are in control and that selling looks risky. The MACD oscillator is trading up, which is another sign of strength. My advice is to watch for buying opportunities with the upward targets at the price of $1,243.10 and at the price of $1,265.15.
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The material has been provided by InstaForex Company – www.instaforex.com
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