Analysis of Gold for February 02, 2018 888011000 110888 Just recently, the Gold has been trading sideways at the price of $1,344.00. Anyhow, according to the 30M time– frame, I discovered a successful rejection of strong resistance cluster at the rate of $1,347.00, which is indication that purchasing looks dangerous. I also found a bearish momentum, which is another indication that sellers are in control. My guidance is to look for prospective selling opportunities. The downward targets are set atthe cost of $1,337.00and at the price of$ 1,335.00. Resistance levels: R1:$1,354.15 R2:$1,359.48 R3:$1,367.90 Support levels: S1:$1,340.35 S2: $1,331.92 S3:$1,326.57 Trading recommendations for today: expect prospective selling opportunities.The product has been offered by InstaForex Business-www.instaforex.com

By | February 2, 2018

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