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 July 24, 2018

July 24, 2018 Analytics

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Recently, Gold has been trading downwards. The price tested the level of $1,220.00. Anyway, according to the M30 time – frame, I found a breakout of well-defined bullish flag, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price of $1,234.75.

Resistance levels:

R1: $1.232.40

R2: $1.240.45

R3: $1,245.20

Support levels:

S1: $1,219.45

S2: $1,214.30

S3: $1,20665

Trading recommendations for today: watch for potential buying opportunities.

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

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