GOLD technical analysis

GOLD

The price is above 1739.15. The maintenance of positive sentiments in the markets following the Fed’s meeting along with Jerome Powell’s speech puts pressure on the dollar, which may push up the demand for the "yellow metal".

Technical side:

The price is located above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is declining. Stoch are turning down from the overbought zone.

GOLD rate online: monitor the price movement in real time.

Trading idea:

If the gold holds above 1739.15, it will continue to rise to 1775.00.