Analysis of Gold for June 27, 2018

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Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,253.00. According to the H1 time - frame, I found that sellers are in control and that there is a broken intraday bearish flag. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,249.50, $1,235.85 and at the price of $1,228.75.

Resistance levels: R1: $1,267.35R2: $1,274.85R3: $1,280.35

Support levels: S1: $1,254.35S2: $1,248.87S3: $1,241.35

Trading recommendations for today: watch for potential selling selling opportunities.

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