Gold Price Analysis: Trends and Predictions
Updated
Using the MACD method, it's evident that buying pressure in gold has weakened, with selling momentum increasing. The rising RSI indicates robust buying activity. Additionally, the recent Bollinger Band squeeze suggests impending volatility. Despite the price closely tracking the upper band, a retest towards the middle band seems likely.
Note
Note
Gold price is fluctuating in the range of 2230-2360, I think gold needs a strong buying force to break out.Note
Note
Gold price is running close to the target
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