Gold price had a nice push higher and our first upward target from yesterday was met at the price of $1485. Anyway, I still expect more upside and at least another upward swing. Next upward levels are set at $1,500 and $1,511.
Yellow rectangles – Important resistance levels and upward objectives
Green rectangle - major support area
Purple rising line – Expected path
MACD oscillator is showing good new momentum up in the background and I do expect at least another push higher. Watch for buying opportunities on the dips using 5/15 minutes time-frame for better entries. There is also a failed HSS pattern in creation, which may lead Gold to higher levels.
