Gold in ascending channel and near support
Updated
Gold -0.14% is currently in price correction from 1230 $. Expect a strong rebounce (similar to October 10th-12th) from 1208 because there is the long term trend line from August. Other reason is that stock market correction isn´t finished - American technology stocks will loose more value and a lot of money will go into Gold -0.14% . Be prepared for the next rush.
MACD showing small bearish since - expect further correction down to 1208 $
RSI is still bullish and have a lot of space to grow
Price will reach downside of bollinger bands at 1208 which is strong bullish signal in daily chart
MACD showing small bearish since - expect further correction down to 1208 $
RSI is still bullish and have a lot of space to grow
Price will reach downside of bollinger bands at 1208 which is strong bullish signal in daily chart
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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