Technical analysis:
Gold has been trading downside this morning and I found the key support cluster at the price of $1.954 on the test.
Due to the mid-long term upside trend and the test of the range support cluster, I see potential for the further rally towards upside reference.
Upside objective is set at the price of $1.964 and $1.981
RSI oscillator is showing oversold condition and potential for the rally.
Key support cluster is set at the price of $1.954
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading downside
this
morning and I found the key support cluster at the price of $1.954
on the test.
Due
to the mid-long term upside trend and the test of the range support
cluster, I see potential for the further rally towards upside
reference.
Upside
objective is set at the price of $1.964 and $1.981
RSI
oscillator is showing oversold condition and potential for the rally.
Key
support cluster is set at the price of $1.954
The material has been provided by InstaForex Company – www.instaforex.com
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