GOLD
Gold price is consolidating in a tight range of 1955$-1967$ on hourly scale. The precious metal has moved sideways around the 50% Fibonacci retracement level (drawn from the June 2 high at 1,985$ to the June 5 low at 1,940$) at 1,965$. The 50-period exponential moving average (EMA) at 1,950$ is providing a cushion for Gold bulls.
Meanwhile, the Relative Strength Index (RSI) (14) is hovering in the 40.00-60.00 range, which suggests that investors are waiting for a fresh trigger for a move. decisive state.
I expect a strong buying
GOLD
force at 1943$-1946$ just like my strategy Stoploss: 1935$
The profit I predict at 1950$, 1955$, 1965$
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Commento:
The strategy is still being worked on
