GOLD 28/06: Forecast for today
Updated
GOLD Gold's rally is heading for another challenger with the 1,928$ hurdle ahead of key central bank officials' speeches at the ECB forum. Upbeat US data, geopolitical worries from Russia limit the US Dollar and the GOLD bulls.The daily chart for GOLD shows that the downside is leading, with the pair posting lower highs and lower lows while holding below the 20 and 100 Simple Moving Averages (SMAs). It. Given that the June monthly low at 1,910$ remains untouched, the Momentum indicator holds directionally below its 100 line. However, the Relative Strength Index (RSI) indicator has continued to decline and is currently at 37, in line with the bearish bias.
The US dollar picked up momentum after the US open, as better-than-expected macroeconomic data and waning demand for the safety of government bonds pushed yields into positive territory. GOLD fell to 1,915$ before recovering some ground, currently trading at around 1,920$.
Gold has reached the bottom of this week, why not buy right now? Buy it, buy it now, my friends. BUY
GOLD around 1915$ and I expect gold to go back to 1940$ todayStop loss around 70pip for each signal you trade
Trade active
Buy it, buy it now, my friends✅
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