Technical
analysis:
Gold
has been trading upside as I expected and the price has reached many
upsice objectives and there still chances for the higher prices.
Trading
recommendation:
Due
to the strong upside pressure and
short-term trend in the background, I see potential for further upside movement after the downside correction.
Watch
for the potential buying opportunities on the dips
with the next main upside objective at $1.900
MACD
oscillator is showing fresh upside momentum, which is strong sign
that buyers are in control.
Key
support is set at the price of $1.825
The material has been provided by InstaForex Company – www.instaforex.com
