23.03.201814:33 Forex Analysis & Reviews: Analysis of Gold for March 23, 2018

Long-term review

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Recently, Gold has been trading upwards. The price tested the level of $1,346.97. According to the 30M time – frame, I found a breakout of yesterday's high in the background, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of strength. My advice is to watch for potential selling opportunities. The upward targets are set at the price of $1,350.45 and at the price of $1,360.60.

Resistance levels:

R1: $1,334.27

R2: $1,339.62

R3: $1,344.35

Support levels:

S1: $1,324.20

S2: $1,319.46

S3: $1,314.10

Trading recommendations for today: watch for potential buying opportunities.

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