FX.co ★ Gold 07.31.2019 - Broken important pivot at $1.430

Gold did trade higher exactly how I alerted you few days ago. The key pivot at the price of $1.430 is broken and there is a chance for larger up move. Pat attention to the important resistance levels at $1.441 and $1.453..

Technical picture:

Blur rectangle – Resistance 1 ($1.441)

Upper red line – Resistance 2 ($1.453)

Key pivot - $1.430

On the 4H time-frame I found that MACD oscillator got a flip up and that slow line is going higher, which is good sign for the further upside continuation. Stochastic got a fresh UP cross above the 80 level, which is indication of the strength on the Gold. My advice is to watch for buying opportunities with the targets at $1.441 and $1.453. Don't forget, it is a FOMC day so pay attention on your risk control.