Podmienky obchodovania
Nástroje
Since our previous analysis, gold has been trading downward. As I expected, the price tested the level of $1,257.42 in a high volume. According to the daily time frame, I found 50-simple moving average on the test. According to the 4H time frame, there is 200-simple moving average on the test. So, be careful when selling at this stage, since we may see potential upward reaction. I found supply trendline according to the 4H time frame, watch for potential breakout of trend line to confirm a further upward movement. The first upward target is set at the price of $1,271.00
Daily Fibonacci pivot points:
Resistance levels:
R1: 1,271.00
R2: 1.274.00
R3: 1,278.50
Support levels:
S1: 1,262.50
S2: 1,260.00
S3: 1,255.60
Trading recommendations for today: Selling gold looks risky at this stage. So, watch for potential buying opportunities.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.