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Technical analysis:
Gold has been trading sideways at the price of $2.042 and I found consolidation in progress and potential for the breakout mode.
In case of the downside breakout of the support at $2.034, there is the chance for the downside movement towards $2.016
In case of the upside breakout of the resistance at $2.051, there is the chance for the rally towards $2.065
RSI oscillator is flat around 50 level, which is sign of the indecisionLe recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.