MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Analysis of Gold for April 12, 2018

analytics5acf474d86f05.png

Recently, Gold has been trading upwards. The price tested the level of $1,364.80. Anyway, according to the H4 time – frame, I found a fake breakout of resistance in the background, which is a sign that buying got trapped. I also found a bearish flip on stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of $1,322.40.

Resistance levels:

R1: $1,365.95

R2: $1,378.70

R3: $1,392.13

Support levels:

S1: $1,339.75

S2: $1,326.33

S3: $1,313.56

Trading recommendations for today: watch for potential selling opportunities.

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