Technical analysis:
Gold has been trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934
Due to the upside intraday momentum and the breakout of the resistance cluster I see potential for the further growth towards upside reference.
Upside objective is set at the price of $1.967
MACD oscillator is showing fresh upside momentum, which is good confirmation for the further growth.
Support is set at the price of $1.900
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been
trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934
Due
to the upside intraday momentum and the breakout of the resistance
cluster I see potential for the further growth towards upside
reference.
Upside
objective is set at the price of $1.967
MACD
oscillator is showing fresh upside
momentum, which is good confirmation for the further growth.
Support
is set at the price of $1.900
The material has been provided by InstaForex Company – www.instaforex.com
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