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