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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 probably overcomes the level at 1312.50

The price continues to test new marks, and has already achieved key level 8/8 (1312.50). No breakdowns STH4, which indicates the strength of the bulls. Despite growing STH4 and STD1, the expected pullback to the area of  STD1  can happen now. The key level is 8/8, the breakdown of which at least one third of the width of the levels will lead to a further increase to the level + 1/8 (1328.13). The advantage is to give a bullish scenario, ambushed the breakdown 8/8.

Trade recommendation:

Buy – 1318.00; sell – 1312.00; tp – 1328.00. 

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