Recently, Gold has been trading sideways at the price of $1,236.90. According to the H4 time – frame, I have found that Gold is in consolidation phase and my advice is to watch potential breakout of the resistance $1,239.50 to confirm further upward continuation. I have placed Fibonacci expansion to find potential upward target and I Got Fibonacci expansion 161.8% at the price of $1,266.80. Watch for buying opportunities above the level of $1,239.50.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading sideways at the price of $1,236.90. According to the H4 time – frame, I have found that Gold is in consolidation phase and my advice is to watch potential breakout of the resistance $1,239.50 to confirm further upward continuation. I have placed Fibonacci expansion to find potential upward target and I Got Fibonacci expansion 161.8% at the price of $1,266.80. Watch for buying opportunities above the level of $1,239.50.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: