Gold may rise to 1857 - 1864
Our preference
Long positions above 1841.00 with targets at 1857.00 & 1864.00 in extension.
Alternative scenario
Below 1841.00 look for further downside with 1835.00 & 1828.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up. The upside breakout of a declining trend line calls for a recovery.
Our preference
Long positions above 1841.00 with targets at 1857.00 & 1864.00 in extension.
Alternative scenario
Below 1841.00 look for further downside with 1835.00 & 1828.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up. The upside breakout of a declining trend line calls for a recovery.
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.
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.