Technical analysis:
Gold has been trading downside as I expected and the price is heading towards my downside objectives. There is breakout of the early morning upside trend-line, which is good sign for further downside movement.
Trading recommendation:
Due to the breakout of the triangle pattern in the background and strong upside cycle, I see potential for further rally.
Watch for the potential selling opportunities with the downside objectives at the price of $1.699 and $1.673
MACD oscillator is showing downside reading, which is good sign that seller sare in control.
Key resistance is set at the price of $1.728
БЪРЗИ ЛИНКОВЕ
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Свържете се с нас 
