Recently, Gold has been trading sideways at the price of $1,224.00. Anyway, according to the H4 time – frame, I have found a bearish breakout of the 24-hour balance, which is a sign that sellers are in control. I also found the rejection of the upper Keltner band and hidden bearish divergence on the RSI oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $1,217.60 and at the price of $1,208.13.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading sideways at the price of $1,224.00. Anyway, according to the H4 time – frame, I have found a bearish breakout of the 24-hour balance, which is a sign that sellers are in control. I also found the rejection of the upper Keltner band and hidden bearish divergence on the RSI oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $1,217.60 and at the price of $1,208.13.
The material has been provided by InstaForex Company – www.instaforex.com
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