Recently, gold has been trading upawrds. The price tested the level of $1,195.71. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buying opportunities. Targets are set at the price of $1,202.70 and $1,207.60.
Resistance levels:
R1: 1,196.70
R2: 1,197.50
R3: 1,198.95
Support levels:
S1: 1,193.90
S2: 1,193.00
S3: 1,191.55
Trading recommendations for today: Watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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