Analysis of Gold for March 22, 2019

Gold has been trading upward during the past 20 hours but the upward movement may come to the end.


According to the M30 time – frame, we found that bearish flag in our opinion it is just question of the time when we will see the down break. Intraday support level at the price of $1.308.80 will be critical. Breakout of the support would confirm potential testing of the $1.303.90 and $1.298.00. Key resistance from the other side is seen at the price of $1.319.45.

Trading recommendation: We are watching for selling opportunities with targets at $1.303.90 and $1.298.00.

The material has been provided by InstaForex Company -