. Latest Gold Price & Technical Analysis Forecast - 06 April 2023

Latest Gold Price & Technical Analysis Forecast – 06 April 2023

Latest Gold Price & Technical Analysis Forecast – 06 April 2023

06 Apr 2023

GOLD Technical Analysis: Weekly Chart

In the weekly charts, Gold is trading in an up channel. Gold is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1950.00 the resistance level is at 2050.00

Gold will trade in an up channel until there is a trend reversal.

GOLD Technical Analysis: Daily Chart

In the daily charts, Gold is trading in an up channel. Gold is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1950.00 the resistance level is at 2050.00

Gold will trade in an up channel until there is a trend reversal.  

How to Trade GOLD this Week:

Gold will follow the downtrend until its trend reversal. So, remain bearish on GOLD

TRADE SUGGESTION- SELL AT 1701.51, TAKE PROFIT AT 1670.00 AND STOP LOSS AT 1725.00