Target: 1260.00
Risk: 1238.50
Technical reasons:
Gold price stability above 1238.50 supports the continuation of the bullish trend, and surpassing 1250.00 will confirm rallying towards 1260.00 as a next target.
RSI attempts to get positive momentum to support the expected rise, while breaking 1238.50 will push the price to decline again.
Risk: 1238.50
Technical reasons:
Gold price stability above 1238.50 supports the continuation of the bullish trend, and surpassing 1250.00 will confirm rallying towards 1260.00 as a next target.
RSI attempts to get positive momentum to support the expected rise, while breaking 1238.50 will push the price to decline again.