GOLD Two main signals today

Aktualisiert
Gold analysis today GOLD

Gold price is consolidating losses in early Thursday's trading, having touched the lowest level in five months at $1,890. GOLD sellers are bidding time before the next push lower, as the United States Dollar (USD) continues to garner demand heading into a fresh batch of mid-tier US economic data.

Gold price extended its downside break of the all-important 200-Daily Moving Average (DMA), now at $1,906, on Wednesday, aided by a Bear Cross confirmation on the daily chart.

The downward-sloping 21 DMA cuts the 50 DMA from above on a daily closing basis, validating the bearish continuation pattern. The 14-day Relative Strength Index (RSI) is sitting just above the oversold territory, suggesting that there is more room for Gold sellers to flex their muscles.
Trade ist aktiv
SELL GOLD 1906 - 1908

SL : 1915

TP 1: 1903
TP 2: 1900
TP 3: 1995
Anmerkung
Everything goes according to plan
Hope you make money🔥🔥🔥
entrysignalFundamental AnalysisfundamentalstrategygoodfundamentalsGood Risk/RewardhappytradersanalysisTechnical IndicatorsNOVAsignalsprovidertechanicalanalysistechnicalindicatorsTrend Analysis