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Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

GOLD stuck above the important marks

After crossing STD1 with STH4 price fixed above STH4. Breakdown the level 4/8 (1250.00) can be regarded as a signal for further growth. Besides, there STD1 changes color. The slight pullback from the level of 5/8 (1265.63) is unlikely to stop the bulls. It should be noted that the price has not even broken the STH4, which certainly increases the chances of growth to the next even level 6/8 (1281.25). Confirmation of this scenario would be the breakdown of 5/8.

Trade recommendations:

Buy – 1255.00; sl – 1244.00; tp – 1278.00. 

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