Analysis of Gold for November 07, 2018


Recently, Gold has been trading sideways at the price of $1,231.00. Anyway, according to the H4 time – frame, I have found bullish flag in creation, which is a sign that Gold is in a consolidation phase. My advice is to watch for a breakout of the bullish flag to confirm further upward continuation. The upward targets are set at the price of $1,243.00 and at the price of $1,265.85

The material has been provided by InstaForex Company -