Gold Increasing Value? Gap after a trading range
First about Gold, we can see that after the price crossed the upper line of the bollinger band, the price entered in a trading range, and also after a doji Gold got a opening above 1% from the close.
After a bearish candle, the Bulls gained strength again and didn't went lower than the bearish candle on 22nd March. Today, the opening price was at the price of yesterday's high.
The ADX is showing us some strength, followed by the DMI+ and the DMI- is decreasing.
To compare with the US Dollar Index, we see a resistance (purple line), it's a difficult area to be crossed, that can be translated by some weaknes of the US Dollar
After a bearish candle, the Bulls gained strength again and didn't went lower than the bearish candle on 22nd March. Today, the opening price was at the price of yesterday's high.
The ADX is showing us some strength, followed by the DMI+ and the DMI- is decreasing.
To compare with the US Dollar Index, we see a resistance (purple line), it's a difficult area to be crossed, that can be translated by some weaknes of the US Dollar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.