Gold: The upside prevails as long 1788.50 is support.
The RSI is above 50.
The MACD is positive and above its signal line.
The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1793.10 and 1791.90).
Our preference: The upside prevails as long as 1788.50 is support.
Alternative scenario: Below 1788.50, expect 1780 and 1774.50.
The MACD is positive and above its signal line.
The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1793.10 and 1791.90).
Our preference: The upside prevails as long as 1788.50 is support.
Alternative scenario: Below 1788.50, expect 1780 and 1774.50.