Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,253.00. According to the 30M time frame, I am still expecting upward price. There is still a strong selling climax in the backgorund, which is a strong sign of strength. My advice is to watch for buying opportunities with the target at $1,256.00.
Resistance levels:
R1: $1,255.00
R2: $1,259.00
R3: $1,263.00
Support levels:
S1: $1,247.00
S2: $1,242.00
S3: $1,238.50
Trading recommendations for today: consider potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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