mkmunir3

Gold in USD terms- likely to find support in a few weeks

AMEX:GLD   SPDR Gold Trust
Gold is moving towards a multi year trend line. Expecting it to take support on it. RSI is also in oversold zone and we can see reversal from these levels. See previous such occurrences marked.

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.