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 26, 2018

September 27, 2018 Analytics

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Recently, Gold has been trading sideways at the price of $1,198.00. According to the H1 time – frame, I found that upward correction potentially ended near the level of $1,203.60, which is a sign that buying looks risky. I also found the breakout of the upward trendline, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,191.80 and at the price of $1,187.55.

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

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