Analysis of Gold for April 11, 2018 888011000 110888 Just recently, the Gold has actually been trading upwards. The rate checked the level of$1,344.00. Anyway, according to the H1 time– frame, I found a possible increasing wedge in development, which is indication that buying looks risky. I also discovered a rejection of the major resistance in the background, which is another indication of weak point. My guidance is to expect prospective breakout of a lower diagonal to confirm additional down movement.The very first downward targetIs set at the cost of$ 1,338.85. The significant target is set at the rate of $1,320.00. Resistance levels: R1:$1,344.40 R2:$1,349.23 R3:$1,355.75 Support levels: S1:$1,332.91 S2: $1,326.26 S3:$1,321.42 Trading recommendations for today: look for possible selling opportunities.The material has actually been offered by InstaForex

By | April 11, 2018

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