Gold Technical Analysis – Gold Price Chart – Gold Trading Tips
02 Jun 2022
GOLD Technical Analysis: Weekly Chart
In the weekly charts, GOLD is trading in a downward channel.
It is trading below MA (20) but above 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 1800 and the resistance level is at 1900
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 above MA (20) but below 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 1810 and the resistance level is at 1880
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: