Gold reached the target

Razvan Mihai


As we were expecting in our prior analysis the price of Gold broke through the upper line of the triangle. After the first rally came back to retest 1412.00 support before another rally all the way to 1475.00 resistance, slightly above the 1466.00 the target we were expecting on 10th of july. 

The current setup shows a big divergence between the price action and the RSI, which could actually signal another drawback of the price, aiming to retest 1435.00 key support level.

Gold reached its target

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