FX.co ★ Gold 10.02.2019 - First upward target has been met, more upside yet to come

Gold price had a nice push higher and our first upward target from yesterday was met at the price of $1485. Anyway, I still expect more upside and at least another upward swing. Next upward levels are set at $1,500 and $1,511.

Yellow rectangles – Important resistance levels and upward objectives

Green rectangle - major support area

Purple rising line – Expected path

MACD oscillator is showing good new momentum up in the background and I do expect at least another push higher. Watch for buying opportunities on the dips using 5/15 minutes time-frame for better entries. There is also a failed HSS pattern in creation, which may lead Gold to higher levels.