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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.

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Analysis of Gold for July 24, 2018

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Recently, Gold has been trading downwards. The price tested the level of $1,220.00. Anyway, according to the M30 time – frame, I found a breakout of well-defined bullish flag, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price of $1,234.75.

Resistance levels:

R1: $1.232.40

R2: $1.240.45

R3: $1,245.20

Support levels:

S1: $1,219.45

S2: $1,214.30

S3: $1,20665

Trading recommendations for today: watch for potential buying opportunities.

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