Gold broke the downward trend and yesterday broke the resistance level of 1960/1962.
Possible retracement to 1960/1962 as it becomes a support then shoots up to the next level of 2003.
You can also see a perfect cup & handle formed in the past couple of weeks.
RSI shows a solid upward trend while stochastic is in the overbought zone, thus GOLD might fall for a day (or two) then rallies up to the next level. MACD supports the current Stochastic status.
Open trade at 1962 with a Risk/Reward Ratio of 2.43.
Also, keep an eye on the DXY as a pump in $$$ might cause a fall in GOLD.
Possible retracement to 1960/1962 as it becomes a support then shoots up to the next level of 2003.
You can also see a perfect cup & handle formed in the past couple of weeks.
RSI shows a solid upward trend while stochastic is in the overbought zone, thus GOLD might fall for a day (or two) then rallies up to the next level. MACD supports the current Stochastic status.
Open trade at 1962 with a Risk/Reward Ratio of 2.43.
Also, keep an eye on the DXY as a pump in $$$ might cause a fall in GOLD.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.