GOLD Gold price is consolidating in a tight range of 1955$-1967$ on hourly scale. The precious metal has moved sideways around the 50% Fibonacci retracement level (drawn from the June 2 high at 1,985$ to the June 5 low at 1,940$) at 1,965$.The 50-period exponential moving average (EMA) at 1,950$ is providing a cushion for Gold bulls.
Meanwhile, the Relative Strength Index (RSI) (14) is hovering in the 40.00-60.00 range, which suggests that investors are waiting for a fresh trigger for a move. decisive state.
I expect a strong buying
GOLD force at 1943$-1946$ just like my strategyStoploss: 1935$
The profit I predict at 1950$, 1955$, 1965$
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The strategy is still being worked on
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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.