Technical analysis:
Gold has been trading sideways today at the price of $1.904. I see potential rejection or the breakout of the important support level at $1.900
I found that falling wedge is in creation but there we might have rejection or the further downside breakout.
In case of the downside breakout of the support at $1.900 and hold below, I see potential for the further drop towards $1.895
In case of the breakout of the supply trend-line and breakout of the falling wedge pattern, I see potential growth towards $1.921 and $1.929
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
Gold
has been trading sideways
today at the price of $1.904. I see potential rejection or the
breakout of the important support level at $1.900
I
found that falling wedge is in creation but there we might have
rejection or the further downside breakout.
In
case of the downside breakout of the support at $1.900 and hold
below, I see potential for the further drop towards $1.895
In
case of the breakout of the supply trend-line and breakout of the
falling wedge pattern, I see potential growth towards $1.921 and
$1.929
The material has been provided by InstaForex Company – www.instaforex.com
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