Trading Conditions
Products
Tools
Technical analysis:
Gold has been trading upside today but the key resistance at $1,784 is on the test. I see potential for the the downside movement.
Trading recommendation:
The trend is flat on both on longer degree time-frame, which is condition for the reversion to the mean type of entries.
My advice is to watch for selling opportunities with the downside objectives at $1,770 and $1,763.
Stochastic is showing bearish divergence, which is another sign for the downside movement.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.