Gold Technical Analysis and How To Invest in Gold
30 Jun 2022
GOLD Technical Analysis: Weekly Chart
In the weekly charts, GOLD is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1798 and the resistance level is at 1874
GOLD is trading in a downward channel until there is a trend reversal.
GOLD Technical Analysis: Daily Chart
In the daily charts, GOLD is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1802 and the resistance level is at 1840
GOLD is trading in a downward channel until there is a trend reversal.
How to trade GOLD this week:
GOLD is trading in a downward channel until there is a trend reversal and the following opportunity can be taken: