Analysis of Gold for March 09, 2018 888011000 110888 Recently, gold has been trading downwards. The cost tested the level of $1,316.50. Inning accordance with the 30M time frame. I found a bullish breakout of the falling wedge, which is a sign of strength. I likewise discovered a fake breakout of yesterday’s low at$1,318.90 and a surprise bearish divergence on the moving typical oscillator, which is another sign of the strength. My advice isto look for potential buying chances. The upward targets are setat the rates of $1,322.58 and$1,326.60. Resistance levels: R1:$1,327.65 R2: $1.333.35 R3:$1,337.40Support levels: S1:$1,317.60 S2: $1,313.27 S3:$ 1,307.55 Trading recommendations for today: watch for possible purchasing opportunities.The product has been offered by InstaForex Business

By | March 9, 2018

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