Analysis of Gold for January 11, 2019

Trading 11 jan 2019 Donner votre avis

analytics5c38a6552b762.png

Recently, Gold has been trading sideways at the price of $1,288.00. Anyway, according to the H4 time – frame, I have found potential overbought conditions. The price rejected from the upper diagonal of the upward channel, which is a sign that resistance held successfully. I also found the hidden bearish divergence on the RSI oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. I expected Gold to retreat and test the median line of the channel. The downward targets are set at the price of $1,276.00 and at the price of $1,250.95.

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

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039