Gold Technical Analysis – Gold Price Chart – Gold Trading Tips

Gold Technical Analysis – Gold Price Chart – Gold Trading Tips

gold technical analysis

GOLD Technical Analysis: Weekly Chart

In the weekly charts, GOLD is trading in an upward 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 1784 and the resistance level is at 1912

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 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 1830 and the resistance level is at 1875

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:

TRADE SUGGESTION: BUY AT 1885, TAKE PROFIT AT 2000, AND STOP-LOSS AT 1810

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