Gold Technical Analysis, Price Chart and Market News

Gold Technical Analysis

GOLD Technical Analysis: Weekly Chart

Gold Technical Analysis

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 1762 and the resistance level is at 1972

GOLD is trading in an upward channel until there is a trend reversal.

GOLD Technical Analysis: Daily Chart

Gold Technical Analysis

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 1785 and the resistance level is at 1850

GOLD is trading in a downward 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. If the trend reverses, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1742, TAKE PROFIT AT 1615, AND STOP-LOSS AT 1836

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