Gold is testing the key pivot resistance at the price of $1.430. The potential break upside may lead us to the levels at $1.441 and $1.453.
Technical picture:
Red rising line – Support trend line (successfully held)
Blue – Resistance 1 ($1.441)
Upper rising line – Resistance 2 ($1.453)
MACD oscillator is showing the UP flip and the slow line did turn from bearish into bullish, which is positive sign for further upside. I found fourth successful rejection of the important rising support trend line, which adds more potential strength on the Gold. Watch for buying opportunities with the upward targets at $1.441 and $1.453.
