Technical analysis:
Gold has been trading upside yesterday and I found breakout of the resistance at $1.922, which is good sign for the further rally.
Due to the breakout of the resistance cluster and the upside momentum, I see potential for the further growth towards upside reference.
Upside objective is set at the price of $1.942 and $1.946
MACD oscillator is showing upside momentum with no signs for the reversal….
Intraday support is set at the price of $1.922
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been trading upside yesterday and I found breakout of the resistance at $1.922, which is good sign for the further rally.
Due to the breakout of the resistance cluster and the upside momentum, I see potential for the further growth towards upside reference.
Upside objective is set at the price of $1.942 and $1.946
MACD oscillator is showing upside momentum with no signs for the reversal….
Intraday support is set at the price of $1.922
The material has been provided by InstaForex Company – www.instaforex.com
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