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Farooq

Technical Analysis – Gold _ 12-02-2019

HomeTechnical AnalysisTechnical Analysis – Gold _ 12-02-2019
12
Feb
Technical Analysis – Gold _ 12-02-2019

Gold keep moving near the 1309-1298 support area … RSI is still within the bullish momentum and Stochastic points to a positive …
The upside potential remains valid as long as the trades remain above the ascending trend line shown on the daily chart to keep the

targets around 1326 resistance as the first target, which could increase gold gains to reach 1345 as the second target and then the resistance 1365 as the third target.

A breach of this trend might be enough to end the upside potential, and the pair could then go to test 1276 support as the first target and then support 1250 as the second target.

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