The key level for Gold on the short term is the 1hour MA50. Above it buyers accumulate and will aim for the 1919.50 resistance to break the previous lower high. This keeps the trend bullish as it has been inside this month's bullish channel. Upper targets 1929 and 1940.
Below the 1hour MA50 Gold will seek to break the bullish channel and after a long time test the 1hour MA200. The 1hour RSI getting out of range is an extra signal.
Follow us, like the idea and leave a comment below!!
Below the 1hour MA50 Gold will seek to break the bullish channel and after a long time test the 1hour MA200. The 1hour RSI getting out of range is an extra signal.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.