21.06.201915:04 Forex Analysis & Reviews: Gold 06.20.2019 - Big domination of bulls continues

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Gold did push higher as I expected yesterday. The price tested the level of $1.410. I still expect more upside due to new momentum up on the MACD oscillator and Gold is the extended UP run.

Blue rectangle – Important weekly resistance

Orange rectangle – Resistance became support

Black lines- Upward Pitchfork channel

My analysis didn't change much since yesterday.Gold did breakout of the major resistance at $1.346 and that action did set the bullish tone that we are seeing now. Price has reached and broke the Pitchfork median line and confirmed that Gold has entered into strong bullish environment .RSI and MACD are showing overbought condition but this is due to very strong bulls on the market. As long as the Gold is trading above the level $1.356, we will look for buying signals. Watch for buying on dips with target around $1.433.

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