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.
تم فتح الصفقة
SELL GOLD 1906 - 1908
SL : 1915
TP 1: 1903 TP 2: 1900 TP 3: 1995
ملاحظة
Everything goes according to plan Hope you make money🔥🔥🔥
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.