Trader, analyst and instructor with a 6-year experience

Gold: Murray levels analysis

D1. A small flat at the level of 3/8 (1218.75) carries little information about the direction of the future trend. The pair’s more likely to test CTD1 once again. After that the way to 4/8 (1250.00) and CTW1 will be open.

H4. Price ignores CTH4 and the level of 2/8 (1218.75), breaking them in different directions. Now the resistance is at CTD1, from which the price is likely to rebound. The flat between the levels of 3/8 (1234.38) and 2/8 may continue.

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