Analysis of Gold for August 20, 2018
Recently, Gold has been trading upwards. The price tested the level of $1,189.20. According to the M15 time – frame, I found a rising regression channel and rising ADX, which is a sign that buyers are in control. Buying on the dips looks like a good plan. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $1,193.15 and at the price of $1,200.00.
Trading recommendations for today: watch for potential buying opportunities.