06.12.2019
Gold is turning down in the wake of the US President's positive shift in rhetoric. In view of this, as well as due to the likely positive today’s new jobs data, a heavier decline of the price is expected.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is declining and testing a level of 50%. Stoch are moving steadily downwards.
Trading recommendations:
Sell gold from the level of 1471.00 with a local target of 1444.50.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
