Gold is neutral on its 1H technical outlook (RSI = 52.608, MACD = 1.710, ADX = 25.254) which, as the price test the top of the Channel Down, indicates that it is about to start the new bearish wave. The trigger for that sell trade would be a break under the 1H MA200. Aim for a -1.88% decline (TP = 2,980).
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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.