FX.co ★ Analysis of Gold for November 14, 2018

Recently, Gold has been trading downwards. The price tested the level of $1,195.90. According to the H1 time – frame, I found end of the upward correction (irregular type 2), which is a sign that buying looks risky. I have also found the breakout of the intraday upward trendline, which is another sign that sellers are in control. My advice is to watch for selling opportunities. The downward target is set at the price of $1,187.20.

Trading recommendations for today: watch for potential selling opportunities.