GOLD Technical Analysis
07 Apr 2022
GOLD Technical Analysis: Weekly Chart
In the weekly chart, GOLD is trading above its previous upward channel.
It is trading below MA (5) but above MA (20) and MA (50).
The immediate support is 1878 and the resistance level is at 1968.
GOLD is trading above its previous upward channel, which may be a breakout.
GOLD Technical Analysis: Daily Chart
In the daily charts, GOLD is trading within a descending triangle.
It is trading above MA (5) and MA (20) but below MA (50).
The immediate support is 1910 and the resistance level is at 1942.
GOLD is trading within a descending triangle until there is a breakdown.
How to trade GOLD this week:
GOLD is trading after breaking out of its previous upward channel and the following opportunity can be taken: