InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Gold analysis for June 13, 2016

    analytics575ea723a2f74.png

    Show full picture

    Since our previous analysis, gold has been moving upwards. As I expected, the price tested the level of $1,286.37 in a high volume. The trend is upward. According to the 30M time frame, I found a successful testing of supply in a low volume at the price of $1,279.30. Watch for buying opportunities on dips. The price successfully tested 20EMA and I am expecting further upward continuation. The take profit level is set at the price of $1,302.30.

    Daily Fibonacci pivot points:

    Resistance levels:

    R1: 1,281.05

    R2: 1,282.25

    R3: 1,284.10

    Support levels:

    S1: 1,277.25

    S2: 1,276.00

    S3: 1,274.10

    Trading recommendations for today: Be careful when selling and watch for buying opportunities on dips.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree