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Gold has been trading upside as I expected but the price is testing key supply zone at $1.673-$1.678. Watch for the price action around this key supply zone to confirm further direction.
Due to the test of key supply zone, there is chance for rejection or the breakout.
In case of the breakout of the supply zone and level at $1.687, watch for the buying opportunities with the next upside objective at $1.727
In case of the rejection of supply zone, watch for selling opportunities towards the levels at $1.643 and $1.615
Relevance up to 09:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
