21.01.2020
Gold is still in demand due to the weaker dollar and global geopolitical and economic problems. If things remain the same, the prices will be likely to grow.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is located above the overbought zone and moves horizontally. Stoch are not informative.
Trading recommendations:
The price may slightly correct to 1561.70. If this level holds, expect the price grow further to 1577.60.
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