. Gold Technical Analysis - Gold Price Chart - Gold Trading Tips - CSFX

Gold Technical Analysis – Gold Price Chart – Gold Trading Tips

26 May 2022

GOLD Technical Analysis: Weekly Chart

Gold Technical Analysis

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 1786 and the resistance level is at 1884.

GOLD is trading in a downward channel until there is a trend reversal.

GOLD Technical Analysis: Daily Chart

Gold Technical Analysis

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 1806 and the resistance level is at 1864.

GOLD is trading in an upward 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:

TRADE SUGGESTION: SELL AT 1778, TAKE PROFIT AT 1674, AND STOP-LOSS AT 1845