Recently, Gold has been trading upwards. The price tested the level of $1,226.00. According to the M15 time – frame, I have fond that price got trouble to trade above yesterday's high at the price of $1,226.00, which is a sign that demand is weak. My advice is to watch for a potential breakout of the support trendline to confirm further bearish momentum. A downward target is set at the price of $1,219.40.
The material has been provided by InstaForex Company -
www.instaforex.com