Technical analysis:
Gold has been trading upside in the background and support level at the price of $1.855 is on the test.
In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish.
In case of the breakout of the support at $1.855 and hold below, there is the chance for the further drop towards the gap at $1.839
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been trading upside in the background and support level at the price of $1.855 is on the test.
In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish.
In case of the breakout of the support at $1.855 and hold below, there is the chance for the further drop towards the gap at $1.839
The material has been provided by InstaForex Company – www.instaforex.com
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