Analysis of Gold for February 08, 2019 888011000 110888 Gold has been trading upwards. The cost evaluated the level of $1.310.00. I discovered that rate finally made a break of the downward channel in the background, which is a sign that there is potential modification in trend dynamic from bearish to bullish. Also, I found that a breakout of the intraday bullish flag pattern, whichis another verification of strength. Short-term resistance is set at $1.315.90 and short-term assistance is set at $1.307.00.Trading suggestion: We are long on Gold from$1.310.00 and targets at$1.315.90 and$1.322.50. Protective stop is positioned at$1.301.00. The product has actually been provided by InstaForex Business-www.instaforex.com

By | February 8, 2019

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