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Gold, wait for a break above our upside confirmation

Oleh Tickmill
Broker
Price is facing bullish pressure from our ascending trend line and a break above our upside confirmation area at 1948.86 could provide the bullish acceleration to our first resistance level. Stochastic is testing our support at 9.82 as well, where we could see a bounce above this level.

Chart PatternsHarmonic PatternsTrend AnalysisUSDXAUXAUUSD
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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