COMMODITY TRADING: GOLD TECHNICAL ANALYSIS, NEWS & TRADE SIGNALS


GOLD Technical Analysis

/  Csfx analytics

GOLD TECHNICAL ANALYSIS: WEEKLY CHART

GOLD TECHNICAL ANALYSIS

In the weekly charts, GOLD is trading in an upward channel.

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 1912 and the resistance level is at 1992.

GOLD is trading in an upward channel until there is a trend reversal.

GOLD TECHNICAL ANALYSIS: DAILY CHART

GOLD TECHNICAL ANALYSIS

In the daily charts, GOLD is trading below its previous upward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is at 1928 and the resistance level is at 1960.

GOLD is trading outside and below its previous upward channel.

HOW TO TRADE GOLD

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