Trading Conditions
Products
Tools
Technical analysis:
Gold has been trading sideways at the price of $1.961 but I found that key resistance sat the prie of $1.970 is on the test.
In case of the rejection of the key resistance cluster, I see potetnial for the further downside movement towards lower references at $1.948 and $1.921.
In case of the upside breakout of the resistance cluster and hold above, there is the chance for the rally towards $2.003
RSI oscillator is showing reading above 50, which is sign that buyers are in control.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.