Technical analysis:
Gold has been trading downside this morning but the rising trend-line support is on the test and there is chance for the upside movement.
Trading recommendation:
Due to the test of the rising support and strong upside trend from longer frames, I see potential for the upside rotation.
Watch for the potential buying opportunities with the upside objective at $1.933
MACD oscillator is showing upside reading, which is sign that buyers are still strong and that there is chance for further rise.
Key support is set at the price of $1.920
昨日來自德國的數據超出預期。三月份的工業生產增加了3.0%,而此前預測為0.9%,二月份則下降了1.3%。
預計歐元/英鎊貨幣對將逆轉其下行趨勢並開始上漲。自4月11日以來的楔形下降顯然具有調整結構,並且這一下行走勢已顯示出首次疲軟和觸底的跡象。
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