GOLD Weekly Technical Analysis Update
Midterm forecast:
. While the price is below the resistance 1818.00, beginning of downtrend is expected.
. We make sure when the support at 1660.25 breaks.
. If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
. While the price is below the resistance 1818.00, beginning of downtrend is expected.
. We make sure when the support at 1660.25 breaks.
. If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.