Gold has approached the supporting level of 1760 and the broken downtrend from the Elder timeframe, which is denoted by the blue line on the chart below. Currently, the price of gold is trying to pull from the abovementioned trendlines, targeting the level of 1880. So, let’s observe what is going to happen next.The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to undergo a correction and jump.Oil is moving in the range. Now, the price of oil got back under the level of 100. The asset’s price is targeting the resistance at the level of 107.50 away from which it might potentially drop.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gold-price-forecast-potential-rise-ahead"
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