Main Quotes Calendar Forum
flag

FX.co ★ Gold 12.11.2019 - Gold is aproaching our first upward target at $1.472, potential for larger upside move

parent
Forex Analysis:::2019-12-11T15:18:05

Gold 12.11.2019 - Gold is aproaching our first upward target at $1.472, potential for larger upside move

Today is FOMC day and don't forget to adjust your risk properly.

Gold has been trading upwards at the price of $1.467, exactly what I expected yesterday. My bullish view still remains active and I do expect potential test of $1.472 and possible test of $1.479.

Gold 12.11.2019 - Gold is aproaching our first upward target at $1.472, potential for larger upside move

MACD oscillator is showing increase on the upside momentum, which is good sign that buyers are in control and that buying on the dips is preferable strategy for today.

Stochastic oscillator is showing positive reading

Support levels are seen at the price of $1.462 and $1.458.
Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...