Gold opened lower today but the downtrend was contained on Friday's 1,546.50 Support. The rebound creates a Channel Up on the 1H chart (RSI = 48.937, ADX = 41.707, Highs/Lows = 0.0000) which if it manages to break 1,561 again (Soleimani's death Gap), it can make a new Higher High. The MACD is also rolling over to a bullish cross. The short term Target now is 1,565.50.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
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Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.