FX.co ★ Gold 12.09.2019 - Broken mini Pitchfork downward channel, potentiaal for more upside

Gold has been trading upside in last 24 hours. I see that there is fresh buy signal on the Gold with potential for test of $1.472 and $1.479. Watch for buying opportunities on the dips on lower frames. Additionally, I found the breakout of the mini Pitchfork downward channel.

Stochastic oscillator is showing oversold condition and fresh new bull cross, which adds more confirmation for our bullish view.

Support level is seen at the price of $1.458