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USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks
Gold has been trading upside as like I expected. I see potential for the upside continuation of the bigger bull trend in the background.
Trading recommendation:
Due to the strong upside pressure in the background and rejection of the key support at $1.740, I see potential for the further rise.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.785
Stochastic oscillator is showing fresh bull cross, which is good sign for the further rally.
Key support is set at the price of $1.740
Relevance up to 08:00 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
