Technical analysis of gold
It is being auctioned on a two-hour chart in an Ascending Triangle pattern, with the gold price moving upwards. Using the same chart pattern as shown above, an upward-sloping trendline is drawn from the low on June 29 at $1,893.00, and the horizontal resistance is drawn from the high on June 21 at $1,937.00.
A barricade is being set up for the bulls of Gold near $1,927.00, which is a 200-period Exponential Moving Average (EMA).
When the Relative Strength Index (RSI) (14) oscillates between 40.00 and 60.00, this indicates a non-directional performance.
A barricade is being set up for the bulls of Gold near $1,927.00, which is a 200-period Exponential Moving Average (EMA).
When the Relative Strength Index (RSI) (14) oscillates between 40.00 and 60.00, this indicates a non-directional performance.
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