Gold 12.02.2019 – Upside Pitchfork cycle is expected, upward target set at $1.479.

has been trading sideways at the price of $1.460. Anyway, I see that there is potential for the upside wave and potential test of the $1.479 in order to fulfill Pitchfork Cycle.

Stochastic oscillator is showing higher lows and fresh new bull cross, which is good indication of the strength and confirmation for further upside.

As long as the Gold is trading above the support $1.450, I would watch for buying opportunities with the first target at $1.479.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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