Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,334.67. According to the 30M time frame, I found a broken falling wedge formation (bullish) in the background, which is a sign that selling looks risky. There is also a confirmed hidden bullish divergence on the moving average oscilator, which is another sign of strength. I placed Fibonacci retracement levels to potential targets. I got FR 38.2% at the price of $1,336.00, FR 50% at the price of $1,340.00 and FR 61.8% at the price of $1,343.00. Watch for buying opportunities.
Trading recommendations for today: watch for potential buying opportunities.
*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.