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.

analytics5de52bb965aa9.jpg

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