Recently, gold has been trading upwards. As I expected, the price tested the level of $1,184.75 in a high volume. My upward target at the price of $1,184.70 has been met. According to the 30M time frame and using the market profile, I found yesterday's point of control at the price of $1,173.40. The intraday trend is bullish and my advice is to watch for buying opportunities on the dips. The upward target is set again at the price of $1,184.80.
Resistance levels:
R1: 1,182.70
R2: 1,185.50
R3: 1,190.00
Support levels:
S1: 1,173.65
S2: 1,171.00
S3: 1,166.30
Trading recommendations for today: Watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2iiIzbY
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