FX.co ★ Analysis of Gold for April 25, 2017

Recently, the Gold has been trading downwards. The price tested the level of $1,265.50. According to the 4H time frame, I found hidden bearish divergence and broken trendlines in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set at the price of $1,260.00.

Resistance levels:

R1: $1,280.00

R2: $1,283.15

R3: $1,288.50

Support levels:

S1: $1,269.00

S2: $1,265.15

S3: $1,260.15

Trading recommendations for today: watch for potential selling opportunities.