11.11.2019
Gold remains under pressure due the falling demand for defensive assets, earing the low of October 1st of this year. This trend will continue in the short term. This trend will continue in the short term.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is located above the oversold zone line and moves horizontally. Stoch are growing.
Trading recommendations:
Gold prices may rise to the level of 1467.85. If they hold below this level or fall below 1458.50, sell with a local target of 1444.50.
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