empty
 
 
12.11.2019 04:51 PM
Gold 11.12.2019 - Bullish divergence in creation, watch for potential upside

Gold has been trading sideways at the price of $1.454 but in the oversold condition. My advice is to watch for potential buying opportunities with the upward targets at $1.465 and $1.472.

This image is no longer relevant

Yellow rectangles - Resistance levels and upward objectives

Rising trendline - Expected path

MACD oscillator is showing 3 pushes down and bullish divergence , which is sign that sellers are losing power on the downside and that upside is expected. Key support level is set at $1.448 and resistance levels at $1.465 and $1.472.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback