GOLD analysis 03.06.2020


Technical reviews


The support level 1720.0 is holding back sellers. A downward truncated M30 level pattern has formed, it ended with the breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The breakout of 1729.40 will result in the formation of an ascending pattern within the wave (C) of the H4 level.

Trading recommendations:

Buy above 1729.40.

Stop loss: 1720.0.

Target levels: 1744.0; 1753.0.

If the price falls to the support level of 1720.0, cancel the trading plan.

The GOLD rate online: monitor the movement of an instrument in real time.

Author: admin
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