Analyzing the current trading chart of Gold, I found that there is the oversold condition in the rising trend, which is good sign for the buying.
I found that we completed 2 day downside correction, which is good indication for further upside continuation.
My advice is to watch for buying opportunities with the upside targets at the price of $1.783 and $1.794.
RSI (3) and (9 period are both into oversold condition, which is good sign for buying.Key Levels:Resistance: $1.783 and $1.794.Support level: $1.775 and $1.773
The material has been provided by InstaForex Company – www.instaforex.com
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