Analysis of Gold for July 25, 2018 888011000 110888 Recently, Gold has actually been trading upwards. The cost evaluated the level of $1,233.70. Anyhow, inning accordance with the H1 time– frame, I discovered a potential end of the upward motion considering that the cost checked the leading band of the Keltner channel, which is a sign that buying looks very dangerous. I also discovered a bearish engulfing candle pattern, which is another sign that purchasing looks dangerous. Mysuggestions is to watch for prospective selling chances. The down target is set at the price of $1,226.50. Resistance levels: R1:$1,230.55 R2: $1,235.75 R3:$1,241.95 Support levels: S1:$1,219.15 S2:$1,212.97 S3:$1,207.75 Trading recommendations for today: watch for possible selling opportunities.The material has actually been supplied by InstaForex

By | July 25, 2018

Leave a Reply

Your email address will not be published. Required fields are marked *