Commodity: Gold Technical Analysis, News & Trade Signals
15 Apr 2022
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GOLD Technical Analysis: Weekly Chart
In the weekly charts, GOLD is trading in an upward channel.
It is trading above all SMAs: MA (5), MA (20), and MA (50).
The immediate support is 1914 and the resistance level is at 2014.
GOLD is trading in an upward channel until there is a trend reversal.
GOLD Technical Analysis: Daily Chart
In the daily charts, GOLD is trading in an upward channel.
It is trading below MA (5) but above MA (20) and MA (50).
The immediate support is 1965 and the resistance level is at 1980.
GOLD is trading in an upward channel until there is a trend reversal.
How to trade GOLD this week:
GOLD is trading in an upward channel until there is a trend reversal. however, the following opportunity can be taken if the price soars further: