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 –

The post Gold analysis for January 30, 2017 appeared first on