05.12.2019
Gold remains hostage to US-China trade talks. Any optimism on this topic puts pressure on the quotes. At the same time, negative news support it. Despite this, in the future it may drop to the lower limit of the wide range of 1444.50-1478.00.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is located above the level of 50% and is declining. Stoch grow.
Trading recommendations:
Expect a downwards reversal of the gold price with a drop to 1452.45 and even further down to 1444.50.
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