Technical analysis:
Gold has been trading upside this morning but I found that resistance zone at the price of $1.845/47 is on the test.
In case of the rejection of the key resistance, I see possible rotation downside towards $.830
In case of the breakout of the resistance zone, I see potential for the upside movement towards $1.858/65.
Key resistance is set at the price of $1.845/47
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading
upside this morning but I found that resistance zone at the price of
$1.845/47 is on the test.
In
case of the rejection of the key resistance, I see possible rotation
downside towards $.830
In
case of the breakout of the resistance
zone, I see potential for the upside movement towards $1.858/65.
Key
resistance is set at the price of
$1.845/47
The material has been provided by InstaForex Company – www.instaforex.com
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