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 make a rebound to the area of 1343.75

The rebound from the level of 4/8 (1312.50) can be completed back to the area of STD1, which still has the bullish color. Nevertheless, we should not exclude the scenario of falling to the level of 3/8 (1296.88), for which requires the break of 4/8 at least one third of the level widths. It should be noted that 4/8 was already support, so the probability of re-bounce is high. The first target can be the level of 6/8 (1343.75).

Trade recommendation:

Buy – 1318.00; sl – 1311.00; tp – 1341.00. 

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