Technical analysis:
Gold has been trading upside today and I found test of the key resistance zone at the price of $1.927. There is the chance for the downside reaction.
In case of the rejection of the resistance at the price of $1.927, I see potential for the further downside movement towards lower reference at $1.916
In case of the upside breakout of resistance zone, I see potential for the further rally towards $1.934
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
Gold has been trading upside today and I found test of the key resistance zone at the price of $1.927. There is the chance for the downside reaction.
In case of the rejection of the resistance at the price of $1.927, I see potential for the further downside movement towards lower reference at $1.916
In case of the upside breakout of resistance zone, I see potential for the further rally towards $1.934
The material has been provided by InstaForex Company – www.instaforex.com
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