Gold price has has been trading upside as we expected. The Gold tested the level of $1.287. We are still expecting more upside on the Gold.
Yellow rectangle - horizontal resistance
Orange rectangle- horizontal resistance 2
Gold has been trading upside and our first target from yesterday at $1.287 is on the test. The momentum is upside and it is very risky for selling. We expect potential test of the second resistance at $1.298. Stochastic oscillator is looking stron as well, which adds more upside potential. Watch for buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com