Analysis of Gold for June 12, 2018

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Recently, gold has been trading sideways at the price of $1,297.65. According to the H1 time frame, I found an intraday bullish flag in creation. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of $1,302.75 and $1,305.00.

Resistance levels:

R1: $1,306.35

R2: $1,310.63

R3: $1,314.85

Support levels:

S1: $1,297.85

S2: $1,293.63

S3: $1,289.15

Trading recommendations for today: watch for potential buying opportunities.

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