Gold Price Analysis: Upside Momentum Continues, Targeting $2,047 and $2,078

Gold Price Analysis: Upside Momentum Continues, Targeting $2,047 and $2,078

Gold has been trading upside as I expected and I see potential for the further upside continuation towards the upside references. 

 

Due to the mid-long term upside trend and the short-term upside momentum, I see potential for the further growth towards the upside reference. Upside objectives are set at the price of $2.047 and $2.078 MACD oscillator is showing bull reading, which is good sign for the upside continuation. Key support is set at the price of $1.935



Gold Price Analysis: Upside Momentum Continues, Targeting $2,047 and $2,078

InstaForex Analysis

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