Recently, Gold has been trading sideways at the price of $1,185.00. According to the H1 time – frame, I found the hidden bullish divergence on the MACD oscillator in the background, which is a sign that selling looks risky. I also found the intraday supply trendline and my advice is to watch for potential breakout of the trendline to confirm potential bullish momentum. The upward targets are set at the price of $1,193.25 and at the price of $1,202.55.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, Gold has been trading sideways at the price of $1,185.00. According to the H1 time – frame, I found the hidden bullish divergence on the MACD oscillator in the background, which is a sign that selling looks risky. I also found the intraday supply trendline and my advice is to watch for potential breakout of the trendline to confirm potential bullish momentum. The upward targets are set at the price of $1,193.25 and at the price of $1,202.55.
The material has been provided by InstaForex Company – www.instaforex.com
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