MCX:GOLD Future Analysis
Trend Until May 2023 -
In the short term, Gold may fall to 58,800 or 57,950 levels.
Future Trend -
In the long run, post-May' 23, Gold is expected to consolidate, and once again breakout above the previous highs. It can reach 63,000 to 64,000 levels.
Technicals -
The leading indicator RSI is trailing above 60 in Daily, Weekly, and Monthly charts, and MACD has a bullish crossover above the zero line on Weekly-Monthly charts.
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In the short term, Gold may fall to 58,800 or 57,950 levels.
Future Trend -
In the long run, post-May' 23, Gold is expected to consolidate, and once again breakout above the previous highs. It can reach 63,000 to 64,000 levels.
Technicals -
The leading indicator RSI is trailing above 60 in Daily, Weekly, and Monthly charts, and MACD has a bullish crossover above the zero line on Weekly-Monthly charts.
.
.
Follow me for more!
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