17.03.2020
Gold price remains in a short-term downtrend. The coronavirus situation continues to have a negative impact on gold prices. The situation will not change in the short term.
The price is below the average line of the Bollinger band, below SMA 5 and SMA 14. RSI balances above the oversold zone and moves horizontally. Stoch is not informative.
Trading recommendations:
Sell with a probable target of 1445.00 after the price crosses the level of 1476.40.
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