Analysis of Gold for April 10, 2018 888011000 110888 Just recently, Gold has been trading upwards. The cost checked the level of$ 1,338.70. Anyhow, according to the 1H time– frame, I discovered a rising wedge in development, which is a sign that buying looks risky. My advice is to watch for prospective breakout of lowerdiagonal to conirm aincreasing wedge pattern. Expect offeringoppostunitieswith the down target at the rate of$1,320.00. Resistance levels: R1:$1,340.55 R2:$1,344.82 R3: $1,351.65 Assistance levels: S1:$1,329.45 S2:$ 1,322.62 S3:$1,318.35 Trading suggestions for today: look for prospective selling opportunities.The material has been supplied by InstaForex Company -www.instaforex.com

By | April 10, 2018

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