FX.co ★ Gold 12.12.2019 - Both upward targets reached, potential for consolidation day

Gold has been trading upwards, exactly what I expected yesterday. Gold reached both of my upward targets from yesterday at the price of $1.469 and $1.479. I do expect today consolidation day or potential downward correction towards support at $1.469

In case of the breakout of $1.479, there is potential test of $1.483

MACD oscillator is showing upside momentum and reading above the zero, which is sign that buyers are still in control.

Stochastic oscillator is showing overbought condition and potential for downward correction.