Analysis of gold for February 06, 2018 888011000 110888 Recently, gold has been trading sideways at the price of $1,3430. According to the 30M time frame, I found a well created up channel, which is an indication that buyers remain in control. I also founda oversold condition on the stochastic oscillator, which is another sign of strength.My advice is to view for possiblepurchasing opportunities. The upward targets are set at therate of$1,349.00 and severe target at theprice of$1,357.00. Resistance levels: R1: $1,344.00 R2:$1,349.30 R3:$ 1,357.00 Assistance levels: S1:$1,331.87 S2:$ 1,324.13 S3:$1,319.24 Trading recommendations for today: expect prospective purchasing opportunities.The product has been offered by InstaForex Company -www.instaforex.com

By | February 6, 2018

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