empty
 
 
04.06.2018 11:56 AM
Analysis of gold for June 04, 2018

This image is no longer relevant

Recently, the gold has been trading downwards. The price tested the level of $1,293.00. According to the H1 time frame, I found a potential end of the downward correction phase (abc), which is a sign that selling looks risky. I also found a broken intraday supply trendline, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $1,314.25.

Resistance levels:

R1: $1,298.10

R2: $1,299.40

R3: $1,300.20

Support levels:

S1: $1,296.00

S2: $1,295.20

S3: $1,293.20

Trading recommendations for today: watch for potential buying opportunities.

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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