Gold is bullish on its 1D technical outlook (RSI = 63.790, MACD = 41.420, ADX = 28.520), gone down considerably from its previous oversold levels as it has turned sideways since September 26th, in a range that looks like the last consolidation of late August. Now that the 4H MA50 has been breached, the metal can technically make an attempt to test the bottom of the Channel. This is a strong short term sell opportunity (TP = 2,625).
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
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.