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09.12.2019 04:20 PM
Gold 12.09.2019 - Broken mini Pitchfork downward channel, potentiaal for more upside

Gold has been trading upside in last 24 hours. I see that there is fresh buy signal on the Gold with potential for test of $1.472 and $1.479. Watch for buying opportunities on the dips on lower frames. Additionally, I found the breakout of the mini Pitchfork downward channel.

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Stochastic oscillator is showing oversold condition and fresh new bull cross, which adds more confirmation for our bullish view.

Support level is seen at the price of $1.458

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