Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Analysis of Gold for August 20, 2018

September 21, 2018 Analytics

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Recently, Gold has been trading upwards. The price tested the level of $1,207.39. According to the H4 time – frame, I found a rising upward trendline and a broken bullish flag in the background, which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. The upward target is set at the price of $1,221.00.

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

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