The 200-period exponential moving average (EMA) at 1,950$ is acting as a barrier for Gold bulls. Horizontal resistance is drawn from the May 5 low around 2,000$.
The Relative Strength Index (RSI) (14) is hovering in a falling range of 20.00-40.00, which suggests that bearish momentum has been triggered.
I have faith in gold's slight bounce back to 1940$-1943$. We will have a sell
Stop loss at 70pip per trade signal, together we will win the market
Trade active
everything goes according to my strategyRelated publications
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.
Related publications
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.