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 September 21, 2018

September 21, 2018 Analytics

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Recently, Gold has been trading sideways at the price of $1,205.30. Anyway, according to the H1 time – frame, I found potential ending of the upward correction (abc flat) in the background, which is a sign that buying looks risky. I also found the breakout of the most recent support trendline, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $1,201.00 and at the price of $1,192.80.

Blue line – expected price path

Trading recommendations for today: watch for potential selling opportunities.

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

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