Recently, Gold has been trading sideways at the price of $1,230.00. Anyway, according to the H1 time – frame, I have found the potential end of the downward correction (regular flat), which is a sign that selling looks risky. I also found that re-test of the support ($1,228.90) after the breakout, which is another sign of the strength. My advice is to watch for buying opportunities. The upward target is set at the price of $1,267.00.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading sideways at the price of $1,230.00. Anyway, according to the H1 time – frame, I have found the potential end of the downward correction (regular flat), which is a sign that selling looks risky. I also found that re-test of the support ($1,228.90) after the breakout, which is another sign of the strength. My advice is to watch for buying opportunities. The upward target is set at the price of $1,267.00.
The material has been provided by InstaForex Company – www.instaforex.com
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