Gold Technical Analysis Today
Gold Technical Analysis for Selling (Current Price: 2892)
*Short-Term Outlook: Bearish*
The current price of gold, 2892, suggests a potential selling opportunity. The commodity has been experiencing a downward trend, with a series of lower highs and lower lows.
*Key Resistance Levels:*
- 2905 (previous high)
- 2920 (50-day moving average)
*Key Support Levels:*
- 2875 (previous low)
- 2850 (200-day moving average)
*Technical Indicators:*
- RSI (14): 42.12 (oversold)
- MACD (12, 26): -15.23 (bearish)
*Trading Strategy:*
Consider selling gold at the current price (2892) with a stop-loss at 2905 and a take-profit at 2850.
Please note that technical analysis is subjective and should be used in conjunction with fundamental analysis and risk management techniques.
*Short-Term Outlook: Bearish*
The current price of gold, 2892, suggests a potential selling opportunity. The commodity has been experiencing a downward trend, with a series of lower highs and lower lows.
*Key Resistance Levels:*
- 2905 (previous high)
- 2920 (50-day moving average)
*Key Support Levels:*
- 2875 (previous low)
- 2850 (200-day moving average)
*Technical Indicators:*
- RSI (14): 42.12 (oversold)
- MACD (12, 26): -15.23 (bearish)
*Trading Strategy:*
Consider selling gold at the current price (2892) with a stop-loss at 2905 and a take-profit at 2850.
Please note that technical analysis is subjective and should be used in conjunction with fundamental analysis and risk management techniques.
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Hey Guys This Is My New Telegram Channel Support Me here And show Me Your Love And Must Follow Me On Trading View Target 10k Followers
And On My Telegram Channel There I'm doing Account Management
and Vip Premium Signals
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And On My Telegram Channel There I'm doing Account Management
and Vip Premium Signals
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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.