Analysis of Gold for August 20, 2018
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.