Trading Conditions
Products
Tools
Technical analysis:
Gold has been trading upside this morning but I see further downside continuation for today.
Trading recommendation:
Watch for potential selling opportunities on the rallies due to breakout of the bear flag pattern.
Downside target is set at the price of $1.768
Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside continuation.
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.