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 has not changed its bullish direction

After a short break the level 2/8 (1312.50) price could not consolidate below it. The situation is not changed, as STH4 still has the bullish color. Slight breakdown 2/8 can hardly be considered as a signal for further reduction. Short-term goal is the level of 3/8 (1343.75), the price could reach it already from the current position.However, it is better to wait for the return to 2/8, and then to make purchases.

Trade recommendation:

Buy – 1313.00; sl – 1299.50; tp – 1342.00. 


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