See also
Technical analysis:
Gold has been trading sideways at the price of $2.014 and I see potential for the breakout mode in the next period.
Due to the consolidation and contraction, I see potential for the breakout mode.
In case of the upside breakout and hold above resistance at $2.017, I see potential for the further upside movement towards $2.030
In case of the downside breakout of the $2.005, I see potential for the further drop towards $1.991
RSI oscillator is showing divergence in the background.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Early in the American session, gold is trading around 3,314 with a strong technical rebound originating after reaching the 50% Fibonacci retracement. Gold rose sharply after testing
Early in the American session, the euro is trading around 1.1331 and is experiencing a strong technical rebound after reaching the 4/8 Murray level at 1.1230. The euro could rise
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