Gold is almost overbought on its 1H technical outlook and turned neutral on the 1D (RSI = 50.109, MACD = -120.800, ADX = 42.080) indicating that the most effective sell opportunity is approaching again. The 2 month Channel Down rebounded on the 1D MA200 last week and the 1D MA50 could be tested for the first time in months as a Resistance. As long as the Channel Down is intact, Gold's next bearish wave is targeting the 1W MA50 (TP = 4,000).
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
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Contact me for Account Management (+15% monthly profit)
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Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.