empty
 
 
21.06.2018 10:35 AM
Analysis of Gold for June 21, 2018

This image is no longer relevant

Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,261.50 and met my first downward target. According to the H1 time - frame, I found no strong reaction from buyers, which is a sign that sellers are still in control. Watch for potetnial bearish flag before you sell. The next downward target is set at the price of $1,250.00 (Fibonacci expansion 100%).

Resistance levels: R1: $1,276.75 R2: $1,282.13 R3: $1,285.70

Support levels: S1: $1,267.75 S2: $1,264.50 S3: $1,258.75

Trading recommendations for today: watch for potential selling opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback