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 finished local correction

GOLD finished local correction

At the last week price could not overcome the key mark at the level 4/8 (1375.00). Intersection STH4 with STD1 not happened and STD1 is still bullish color. All of this suggests that there is a high probability of growth a minimum to the area of the level 3/8 (1343.75). Break above the level will lead to a return to the level 4/8. Hence the correction has been completed, after which is expected at least flat and the target is 4/8.

Trade recommendation:

Buy – 1356.00; sl – 1341.00; tp – 1370.00. 

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