GOLD (XAU-USD) 1H Chart
Hi everyone
- The price of gold is hovering just below $2,400.
- The Relative Strength Index (RSI) is at 56.0, indicating that the risk is skewed to the upside.
- Gold will need to break above $2,396 to confirm an upside break from the symmetrical triangle.
- The next barrier will be at $2,432, and if it breaks above that, the next target will be $2,450.
- If gold falls below $2,375, it will negate any bullish potential
Good Luck
- The price of gold is hovering just below $2,400.
- The Relative Strength Index (RSI) is at 56.0, indicating that the risk is skewed to the upside.
- Gold will need to break above $2,396 to confirm an upside break from the symmetrical triangle.
- The next barrier will be at $2,432, and if it breaks above that, the next target will be $2,450.
- If gold falls below $2,375, it will negate any bullish potential
Good Luck
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.