Recently, gold has been trading upwards. The price tested the level of $1,254.80. Anyway, according to the 30M time frame, I found buying climax in the background and broken upward channel, which is sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at $1,245.00 and $1,241.00
Resistance levels:
R1: $1,249.15
R2: $1,252.00
R3: $1,256.00
Support levels:
S1: $1,242.00
S2: $1,238.00
S3: $1,235.00
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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