Technical analysis:
Gold has been trading upside this morning and the there i still lots of potential for the further upside movement.
Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth.
Upside objectives are set at the price of $2.010 and $2.045
MACD oscillator is showing upside reading and increase in momentum, which is good sign for the further higher prices.
Support is set at the price of $1.970
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading upside
this morning and the there i still lots of potential for the further
upside movement.
Due
to the strong upside cycle on the longer time-frames and building
higher lows in last couple of days, I see potential for the further
growth.
Upside
objectives are set at the price of $2.010
and $2.045
MACD
oscillator is showing upside reading and increase in momentum, which
is good sign for the further higher prices.
Support
is set at the price of $1.970
The material has been provided by InstaForex Company – www.instaforex.com
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