Technical
analysis:

analytics64252aab67cc2.jpg

Gold
has been trading
upside
this morning and I can see that key resistance zone is set at hte
price of $1.968. Pay attention to this level cause its important for
the further direction.

In
case of the rejection of the resistance at $1.968, Gold may go down
towards $1.957-$1.948.

In
case of the breakout of $1.968, there is potential for the test of
upper references at $1.974 and $1.980

Golid
is in the trading range and coil process….

The material has been provided by InstaForex Company – www.instaforex.com

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