Gold 01.14.2020 – Sell zone on the Gold, downward target is set at the price of $1.536

Gold has been trading upwards but it found strong resistance at the price of $1.545. My advice is to watch for selling opportunities with the downward targets at the price of $1.535 and $1.531.

Gold is still trading in the bearish trend and most recently I found rejection of the middle Bollinger band, which is sign that there is more downside yet to come.

MACD oscillator is showing neutral stance and slow is trying to turn bearish.

Major resistance level is set at the price of $1.545

Support levels and downward targets are set at the price of $1.536 and $1.531.

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

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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