FX.co ★ Gold 11.12.2019 - Bullish divergence in creation, watch for potential upside

Gold has been trading sideways at the price of $1.454 but in the oversold condition. My advice is to watch for potential buying opportunities with the upward targets at $1.465 and $1.472.

Yellow rectangles - Resistance levels and upward objectives

Rising trendline - Expected path

MACD oscillator is showing 3 pushes down and bullish divergence , which is sign that sellers are losing power on the downside and that upside is expected. Key support level is set at $1.448 and resistance levels at $1.465 and $1.472.