Analysis of Gold for January 03, 2018 888011000 110888 Just recently, gold has actually been trading upwards. The rate checked the level of$1,320.80. Inning accordance with the 30M timespan, I found a successful rejection from the Fibonacci retracement 50%at the cost of$1,311.00, which is a sign that offering looks dangerous. The short-term trend is bullish andmy guidance is to enjoy for potentialbuying opportunities. The upward targets are set at the rate of $1,323.00 and at the rate of$1,330.00. Resistance levels: R1:$1,322.80 R2:$1,329.50 R3:$1,338.00 Assistance levels: S1:$1,307.00 S2: $1,297.00 S3:$1,291.00 Trading recommendations for today: watch for potential purchasing opportunities.The material has been provided by InstaForex Company

By | January 3, 2018

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