Gold Price Rally
Gold has formed a higher high and higher low that indicates potential for further upside. A break above yesterday's high will open the way towards $1,366. However downside will find support at $1,338. RSI and Stochastic are heading up.
I think I must buy on dips and keeping my stop loss bellow $1,338
I think I must buy on dips and keeping my stop loss bellow $1,338
Note
Gold adjusted its previous declines to close at $1,319. Despite a positive closing, gold has formed a lower high and lower lo that indicates that the trend is weak.The downside target remains intact at $1,301 followed by $1,280.
The indicators are mixed but I am buying Gold from $1,314.
Trade closed manually
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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.