Gold is still sideways, although if it is seen from the graph below, gold has broken through the trendline. As well, stochastic oscillator that points upwards provide opportunities for gold to rise. But consider if gold fall and break through support level at 1232.45.
Gold is still sideways, although if it is seen from the graph below, gold has broken through the trendline. As well, stochastic oscillator that points upwards provide opportunities for gold to rise.
Note the level of resistance at 1243.20. If it is successfully penetrated, then it will lift gold further with the target at 1249.80. As an alternative, consider if gold fall and break through support level at 1232.45, as this will change the bias into bearish with target range of 1221.70 - 1228.35.