Technical analysis:
Gold has been trading downside in the background and I see key support cluster at the price of $1.973. I see potential for the upside movement today.
Due to the strong upside condition on the longer time-frame and the key support on the test, I see potential for the further upside movement.
Upside objectives are set at the price of $2.009 and $2.045
MACD oscillator is showing decreasing in the downside momentum, which is good for the further upside movement.
Key support zone is set at the price of $1.971
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading downside
in the background and I see key support cluster at the price of
$1.973. I see potential for the upside movement today.
Due
to the strong upside condition on the longer time-frame and the key
support on the test, I see potential for the further upside movement.
Upside
objectives are set at the price of $2.009 and $2.045
MACD
oscillator is showing decreasing
in the downside momentum, which is good for the further upside
movement.
Key
support zone is set at the price of $1.971
The material has been provided by InstaForex Company – www.instaforex.com
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