Technical analysis:
Gold has been trading sideways at the price of $1.978 in the defined trading range. I see potential for the downside rotation.
Due to the rejection of the key resistance zone at $1.990, I see potential for the downside rotation towards lower extreme of the trading range.
Downside objective is set at the price of $1.950
Key resistance is set a the price of $2.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold has
been
trading sideways
at the price of $1.978 in the defined trading range. I see potential
for the downside rotation.
Due
to the rejection of the key resistance zone at $1.990, I see
potential for the downside rotation towards lower extreme of the
trading range.
Downside
objective is set at the price of $1.950
Key
resistance
is set a the price of $2.000
The material has been provided by InstaForex Company – www.instaforex.com
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