23.05.201919:24 Forex Analysis & Reviews: Analysis of Gold for May, 23.2019

Long-term review

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Gold price has has been trading upside as we expected. The Gold tested the level of $1.287. We are still expecting more upside on the Gold.

Yellow rectangle - horizontal resistance

Orange rectangle- horizontal resistance 2

Gold has been trading upside and our first target from yesterday at $1.287 is on the test. The momentum is upside and it is very risky for selling. We expect potential test of the second resistance at $1.298. Stochastic oscillator is looking stron as well, which adds more upside potential. Watch for buying opportunities.

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