Analysis of Gold for January 16, 2019 888011000 110888 Just recently, Gold has been trading sideways at the cost of$1,292.00. Gold is in a huge debt consolidation phase and the best thing to do is to wait on the confirmation and for a breakout. The total trend is still bullish and I would suggestions you to expect a bullish breakout. The key resistance level is set at the rate of$1,298.00.I likewise discovered a rectangle-shaped pattern within an in proportion triangle, which is a sign that we may see soon expansion in price.Trading suggestions for today: We will buy gold at$1.299.00-$1.300 with the targets at$ 1,309.30(rectangle projection )and$1.317.00 (in proportion triangle projection)The product has actually been supplied by InstaForex Business-www.instaforex.com

By | January 16, 2019

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