FX.co - Gold 12.02.2019 - Upside Pitchfork cycle is expected, upward target set at $1.479.

2 December 2019 at 3:22PM (UTC+0)

Relevance until3 December 2019 at 3:22PM (UTC+0)

Gold 12.02.2019 - Upside Pitchfork cycle is expected, upward target set at $1.479.

has been trading sideways at the price of $1.460. Anyway, I see that there is potential for the upside wave and potential test of the $1.479 in order to fulfill Pitchfork Cycle.

Gold 12.02.2019 - Upside Pitchfork cycle is expected, upward target set at $1.479.

Stochastic oscillator is showing higher lows and fresh new bull cross, which is good indication of the strength and confirmation for further upside.

As long as the Gold is trading above the support $1.450, I would watch for buying opportunities with the first target at $1.479.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Gold

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ Gold 12.02.2019 - Upside Pitchfork cycle is expected, upward target set at $1.479.

Forex Analysis

Gold 12.02.2019 - Upside Pitchfork cycle is expected, upward target set at $1.479.