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 May 18, 2017

analytics591d8890401ae.png

Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,265.05. The metal tested my yesterday's take profit level at $1,265.50. Anyway, today I found that price is having hard time to break above yesterday's high, which is a sign that downward correction is possible. My advice is to watch for potential selling opportuntiies. The downward target is set at the price of $1,249.00.

Resistance levels:

R1: $1,261.80

R2: $1,267.70

R3: $1,277.50

Support levels:

S1: $1,242.50

S2: $1,236.00

S3: $1,227.00

Trading recommendations for today: watch for potential selling opportunities.

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