Gold price scales higher for the fifth straight day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high, around the $2,732-2,733 region on the first day of a new week.
From a technical perspective, last week's sustained strength and close above the $2,700 mark could be seen as a fresh trigger for bullish traders. That said, the Relative Strength Index (RSI) on the daily chart has moved beyond the 70 mark, flashing slightly overbought conditions. This, in turn, makes it prudent to wait for some near-term consolidation or a modest pullback before positioning for an extension of the recent well-established uptrend.
Gold now sell 2733
Support 2723
Support 2718
From a technical perspective, last week's sustained strength and close above the $2,700 mark could be seen as a fresh trigger for bullish traders. That said, the Relative Strength Index (RSI) on the daily chart has moved beyond the 70 mark, flashing slightly overbought conditions. This, in turn, makes it prudent to wait for some near-term consolidation or a modest pullback before positioning for an extension of the recent well-established uptrend.
Gold now sell 2733
Support 2723
Support 2718
Note
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Gold sell 10 pips running Note
Gold sell 20 pips running Note
Gold sell 30 pips running Note
Gold sell 40 pips running Note
Gold sell 50 pips running Note
Gold sell 60 pips done Note
Gold sell 70 pips running Note
Gold Sell 80 pips running Note
Gold sell 90 pips running Note
1 support Hit 100 pips done Note
Gold sell 110 pips running Note
Gold sell 120 pips running Note
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All Target hit 120 pips done Note
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Xauusd sell Gold signal
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Gold signal
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My Channel Link
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Check My Performance
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.