FX.co ★ Gold 11.13.2019 - First upward target reached, next upward target set at $1.473

Gold reached my first upward target from yesterday at the price of $1.465. I still expect rise on the Gold and potential test of my second upward target at the price of $1.473. Watch for buying opportunities on the pullbacks on lower frames 15/30 minutes.

Main reason for the most recent rise on the Gold is because lack of supply nears the important support at $1.448. Bullish divergence on the MACD did a nice job. MACD finally managed to turn positive above the zero after spending days in negative territory.

Watch for long opportunities...