Recently, Gold has been trading upwards. The price tested the level of $1,350.60. According to the 30M time – frame, I found that price broke the resistance cluster at the price of $1,344.65, which is a sign that buyers are in control. Now, the strong resistance cluster at the price of $1,344.65 became strong support and my advice is to watch for potential buying opportunities around that level. The upward target is set at the price of $1,357.00.
Resistance levels:
R1: $1,344.97
R2: $1.348.60
R3: $1,355.39
Support levels:
S1: $1,334.55
S2: $1,327.78
S3: $1,324.13
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com