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Gold has been trading sideways at the price of $1.560. My analysis from last week is still valid. The price is at the critical decision level at $1.562 and you should watch carefully the price action around it.
The breakout of the $1.562 to the upside will confirm test of $1.557 and in that case you should watch on buying opportunities on the dips.
The rejection of the resistance at $1.562 would confirm rotation back towards the level of $1.535.
MACD oscillator is showing that slow line turned bearish but the reading is still above the zero.
Major resistance is set at the price of $1.562.
Support levels and downward target is set at the price of $1.535.¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.