Analysis of Gold for June 30, 2017

analytics59563753ba2d5.png

Recently, Gold has been trading sideways at the price of $1,244.00. According to the 4H time frame, I found a diamond formation in creation. Currently the price is testing the upward trendline and my advice is to watch for buying opportuntiies. The first upward target is set at the price of $1,250.00.

Resistance levels:

R1: $1,247.50

R2: $1,251.00

R3: $1,253.00

Support levels:

S1: $1,242.30

S2: $1,240.00

S3: $1,237.00

Trading recommendations for today: consider potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Analysis of Gold for June 30, 2017

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*