Recently, Gold has been trading upwards. The price tested the level of $1,198.20 (daily pivot). According to the M30 time – frame, I found a hidden bullish divergence on the the 3/10 oscillator in the background, which is a sign that selling looks risky. I also found that price rejecting from the upward trendline, which is a sign that buyers are in control. My advice is to watch for buying opportunities. The upward targets are set at the price of $1,203.30 and at the price of $1,207.95.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading upwards. The price tested the level of $1,198.20 (daily pivot). According to the M30 time – frame, I found a hidden bullish divergence on the the 3/10 oscillator in the background, which is a sign that selling looks risky. I also found that price rejecting from the upward trendline, which is a sign that buyers are in control. My advice is to watch for buying opportunities. The upward targets are set at the price of $1,203.30 and at the price of $1,207.95.
The material has been provided by InstaForex Company – www.instaforex.com
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