GOLD 27/06: Gold compressed waiting for tonight
Updated
GOLD Gold price is auctioning in a Symmetrical Triangle chart pattern on an hourly scale, which indicates a decline in volatility but is followed by an explosion in the same. Horizontal support is plotted from the previous week’s low at 1,910$.A straight 50-period Exponential Moving Average (EMA) at 1,928$ portrays a non-directional performance.
The Relative Strength Index (RSI) (14) is oscillating in the 40.00-60.00 range, which indicates that investors await a potential trigger.
I look forward to the news that CB tonight will support
GOLD to the 1940$ zone. And I will sell GOLD around the 1938$-1940$ zone. My level of expectation GOLD will return to 1930$Stop loss at 70pip for each signal you trade
Trade active
Related publications
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.