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FX.co ★ Gold price movement, June 29, 2020.

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Forex Analysis:::2020-06-29T01:47:40

Gold price movement, June 29, 2020.

Gold price movement, June 29, 2020.

Gold is trading with a bullish bias. We can see it on the 4-hour chart. Gold continues to grow since the divergence between the price with the Stochastic Oscillator. Now gold is trying to break through the nearest liquidity pool at 1778.35 level. If so, then the next target is the 1806.70 level. This scenario is likely to occur if gold does not decline and close bellow the 1746.93 level.

(Disclaimer)

Analyst InstaForex
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