27.11.2019
Gold has corrected upwards as there’s still no definitive US-China trade deal. If the US inflation and GDP data published today confirm the predictions, gold may remain under pressure.
The price is below the middle Bollinger band, below SMA 5, but above SMA 14. RSI is located below the level of 50% and gradually decreases. Stoch are leaving the overbought zone and suggest selling.
Trading recommendations:
Sell gold in case of the positive US economy data, a target of 1444.50 after passing the 1457.80.
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