Technical analysis:
Gold has been trading upside in last 24 hours and I see potential for the upside rotation towards upside reference.
Due to the another rejection of the key support cluster at the price of $1.980, I see potential for the further rise towards upside reference.
Upside objective is set at $2.040
MACD oscillator is showing bullish divergence, which is another good sign for the further upside movement.
Key support is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold has
been
trading
upside
in last 24 hours and I see potential for the upside rotation towards
upside reference.
Due
to the another
rejection of the key support cluster at the price of $1.980, I see
potential for the further rise towards upside reference.
Upside
objective is set at $2.040
MACD
oscillator is showing
bullish
divergence, which is another good sign for the further upside
movement.
Key
support is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
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