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Trader, analyst and instructor with a 6-year experience

Gold: Murrey levels analysis

By Leonid Varfolomeev

D1. The 4/8(1250.00) вместе с level together with CTD1 is a strong resistance. Bearish pullback from here will open the way to 3/8(1218.75). The price could also reach 3/8 without any pullbacks to СTD1.

 

H4. After building these levels the price hovers on the oversold area. CTH4 was broken to the upside, there is a prospect for growth to 0/8(1250.00).

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