. GOLD Future Technical Analysis and Trade Signal - 14 September 2022

GOLD Future Technical Analysis and Trade Signal – 14 September 2022

14 Sep 2022

GOLD Technical Analysis: Weekly Chart

GOLD Future Technical Analysis

In the weekly charts, Gold is trading in a down channel. Gold is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1650.00 the resistance level is at 1750.00

Gold will trade in a down channel until there is a trend reversal.

GOLD Technical Analysis: Daily Chart

GOLD Future Technical Analysis

In the daily charts, Gold is trading in a down channel. Gold is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1670.00 the resistance level is at 1725.00

Gold will trade in a down channel until there is a trend reversal.   

How to Trade GOLD this Week:

Gold will follow the downtrend until its trend reversal. So, remain bearish on GOLD

TRADE SUGGESTION- SELL AT 1701.51, TAKE PROFIT AT 1670.00 AND STOP LOSS AT 1725.00