25.11.2019
Gold is in downtrend due to the growing risk appetite among investors who believe that the US and China will reach a new trade agreement at the beginning of the next year despite the delay. The declining gold price decline contributes to the strengthening of the US dollar.
The price is below the middle Bollinger bands, below SMA 5 and SMA 14. RSI is located below the level of 50% and gradually decreases. Stoch are in the oversold zone and uninformative.
Trading recommendations:
The breakout of 1456.00 will lead to a further drop to 1444.50.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
