Analysis of Gold for April 13, 2018 888011000 110888 Just recently, Gold has actually been trading downawrds. As I expected, the rate evaluated the level of$1,334.38. Accoridng to the M30 time– frame, I found a broken bullish assistance line in the background, which is an indication that sellers took control from the purchasers. Presently, Gold is trading in the corrective mode and a possible bearish pennant remains in production. My advice is to look for a potential breakoutof pennant to validate prospective bearish continuation. The down target is setat the cost of $1,322.40. Resistance levels: R1:$1,347.50 R2:$1,360.10 R3:$1,366.97 Support levels: S1:$1,328.10 S2: $1,321.22 S3:$1,308.68 Trading suggestions for today: expect potential selling opportunities.The material has been supplied by InstaForex

By | April 13, 2018

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