Technical analysis:
Gold has been trading in the sideways range at the price of $1.953 but I see potential for the downside movement due to no fallow trought on Friday.
Due to the rejection of the mini supply trend line in the background, I see potential for the further downside movement towards downside references.
Downside objectives are set at the price of $1.930 and $1.894
MACD oscillator is showing neutral stance and potential for the downside movement…
Key resistance is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading in the sideways range at the price of $1.953
but I
see potential for the downside movement due to no fallow trought on
Friday.
Due
to the rejection of the mini supply trend line in the background, I
see potential for the further downside movement towards downside
references.
Downside
objectives
are set at the price of $1.930 and $1.894
MACD
oscillator is showing neutral stance and potential for the downside movement…
Key
resistance is set at the price of $1.980
The material has been provided by InstaForex Company – www.instaforex.com
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