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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 will go up at least to 1343.75

The price rebounded from the strong level 0/8 (1250.00), breaking the level of 2/8 (1312.50). Note that STH4 changed color and upwards. Considering all the above, we can say with certainty about the continuation of the bullish trend. The target is the level 3/8 (1343.75), that price is already trying to test. The scenario of the global fall significantly below the level of 2/8 is unlikely, since at the moment there is a consolidation above it.

Trade recommendation:

Buy – 1312.00; sl – 1295.00; tp – 1343.00. 

 

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