13.12.2019
Gold consolidates before the start of trading in London as the US and Chine reach "phase one" deal in their trade talks. Rising demand for risk assets will push gold prices to a further decline.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. The moving averages suggest selling. RSI crosses the level at 50% while moving downwards. Stoch have reversed upwards.
Trading recommendations:
Sell gold after the price crosses the level of 1461.35 with a likely decrease to 1451.20 and 1440.00.
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