FX.co ★ Gold 12.11.2019 - Gold is aproaching our first upward target at $1.472, potential for larger upside move

Today is FOMC day and don't forget to adjust your risk properly.

Gold has been trading upwards at the price of $1.467, exactly what I expected yesterday. My bullish view still remains active and I do expect potential test of $1.472 and possible test of $1.479.

MACD oscillator is showing increase on the upside momentum, which is good sign that buyers are in control and that buying on the dips is preferable strategy for today.

Stochastic oscillator is showing positive reading