Gold Technical Analysis, Forecast and Trade Signals
16 Jun 2022
GOLD Technical Analysis: Weekly Chart
In the weekly charts, GOLD is trading in an upward 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 above zero which indicates bullishness.
The immediate support is at 1790 and the resistance level is at 1910
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 above 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 1805 and the resistance level is at 1880
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 and the following opportunity can be taken: