Gold analysis for November 23, 2016 888011000 110888

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Since our previous analysis, gold has actually been trading downwards. As I had actually anticipated, the cost evaluated the level of$ 1,209.86 in a high volume. Utilizing the market profile analysis, I discovered a strong point of control from 2 days back at the cost of$1,214.00. The rate made resistance cluster today near this level; and it readies sign of weak point. Watch for possible selling chances. The first downward target

is set at the rate of

$1,206.15; and

second target

, at the cost of$1,203.20. Fibonacci pivot points: Resistance levels: R1: 1,212.20 R2: 1,213.40 R3: 1,215.60 Support levels: S1: 1,208.40 S2: 1,206.40 S3: 1,202.20 Trading suggestions for today: Watch for potential selling opportunities.The material has been provided by InstaForex Company- www.instaforex.com

By | November 23, 2016

Since our previous analysis, gold has actually been trading downwards. As I had actually expected, the cost evaluated the level of$ 1,209.86 in a high volume. Utilizing the marketplace profile analysis, I discovered a strong point of control from 2 days back at the rate of$1,214.00. The price made resistance cluster today near this level; and it readies indication of weakness. Watch for potential selling opportunities. The first downward target is set at the rate of$1,206.15; and 2nd target, at the cost of$ 1,203.20. Fibonacci pivot points: Resistance levels: R1: 1,212.20 R2: 1,213.40 R3: 1,215.60 Assistance levels

: S1: 1,208.40 S2:

1,206.40 S3:

1,202.20 Trading suggestions for

today: Look for possible selling opportunities.The material has actually been provided by

InstaForex Company- www.instaforex.com

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