Technical analysis:
Gold has been trading upside this morning but I found key pivot zone at the price of $1.920-$1.924 on the test.
In case of the rejection of the key resistance zone, I see potential for the downside movement towards $1.900
In case of the upside breakout of the zone at $1.924, there is potential for the growth towards $1.937
Gold is still trading inside of the downside channel…
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has
been trading upside
this morning but I found key pivot zone at the price of $1.920-$1.924
on the test.
In
case of the rejection of the key resistance zone, I see potential for
the downside movement towards $1.900
In
case of the upside breakout of the zone at $1.924, there is potential
for the growth towards $1.937
Gold
is still trading inside of the downside channel…
The material has been provided by InstaForex Company – www.instaforex.com
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