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Technical analysis:
Gold has been trading downside and the price is testing the key support zone at the price of $1.919. There is the chance for the upside rotation.
Trading recommendation:
Due to the test of the strong support zone at the price of $1.919, I see potential for the further upside movement towards upside zone.
Watch for the potential buying opportunities with the upside objectives at $1.933 and $1.940.
Stochastic oscillator is showing bullish divergence and oversold condition, which is sign that buyers can join...
Key support is set at the price of $1.919
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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