Analysis of Gold for January 11, 2018 888011000 110888 Recently, Gold has actually been trading sideways at the price of$1,319.00. According to the 30M time– frame, I discovered a successful rejection of resistance at the prrice of$1,325.00, which is a sign that purchasing looks risky. I likewise discovered a bearish flag in production and myadvice is to watch for prospective selling opportunities. The forecasted downward target is set at the price of$ 1308.00.Resistance levels: R1:$1.328.00 R2:$ 1,338.00 R3:$1,347.50 Assistance levels: S1:$ 1,308.00 S2:$1,299.45 S3:$1,289.35 Trading suggestions for today: watch for potential selling opportunities.The material has been provided by InstaForex

Leave a Reply

Your email address will not be published. Required fields are marked *