30.12.2019
Gold price are below a strong resistance level of 1517.50 in anticipation of signing of the US-China phase one trade deal, which is expected to happen next week when Donald Trump and Xi Jenping meet in person.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving horizontally in the overbought zone. Stoch are above 50% and uninformative.
Trading recommendations:
Sell gold with local targets at 1500.00 and 1491.00 this week.
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