Technical analysis:
Gold has been trading upside as I expected and the price has reached the first upside objective at $1.883 but I see potential for the further growth.
Due to the strong upside momentum and the bullish trend in the background, I see potential for the further growth towards next upside reference.
Upside objective is set at the price of $1.900
RSI oscillator is showing positive reversals, which is good sign for the further upside movement.
Key support is set at the price of $1.867
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been trading upside as I expected and the price has reached the first upside objective at $1.883 but I see potential for the further growth.
Due to the strong upside momentum and the bullish trend in the background, I see potential for the further growth towards next upside reference.
Upside objective is set at the price of $1.900
RSI oscillator is showing positive reversals, which is good sign for the further upside movement.
Key support is set at the price of $1.867
The material has been provided by InstaForex Company – www.instaforex.com
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