Analysis of Gold for February 12, 2019 888011000 110888 Gold has actually been trading sideways at the cost of$ 1.311.00. According to the H1 amount of time, I found that Gold did an effective breakout of the bearish flag pattern( ABC correction )which is a sign that selling continues. I also discovered validated the Head and Shoulders pattern in the background which is another sign of weak point. Most recently, there is a rejection from the supply trendline and average Pitchfork trendline, which are indication of the weak point. Secret short-term support is set at the cost of $1.302.00. The key short-term resistance is set at$1.315.00. Trading suggestion: We are brief on Gold from$1,305.00 and with the targets at $1,286.25-$1,277.80. Protective stop loss order is put at$1.318.00 The material has been supplied by InstaForex Company-www.instaforex.com

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