Analysis of Gold for May 15, 2018 888011000 110888 Recently, Gold has actually been trading downwards. The cost evaluated the level of $1.309.07. According to the H4 time– frame, I found that rate is trading inside of the channel, which is an indication that Gold is in a combination stage. Considering that the impulse was down in the background, Gold might resume bearish direction in the next period. My advice is to expect prospective selling chances. Watch for a prospective breakout of the upward trendline to validate a more downward motion. The downward targets are set atthe cost of$1.300and at the price of$ 1.287.10. Resistancelevels: R1:$1.318.00 R2:$1.322.00 R3:$1.325.50 Support levels: S1:$ 1.310.75 S2:$1.308.65 S3:$1.303.45 Trading suggestions for today: look for potential selling opportunities.The material has been offered by InstaForex

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