Gold Sell confirm target
Updated
The further downside appears more compelling, as the 50 DMA has crossed below the 200 DMA, confirming a Death Cross a day ago.
Additionally, the 14-day Relative Strength Index (RSI) indicator is lurking below the 50 level, justifying the bearish potential in Gold price.
However, a dead cat bounce cannot be ruled out given that the Gold price has fallen hard in the early part of the week.
If Gold sellers find a strong foothold below the $1,900 support, a fresh sell-off toward the August 21 low of $1,885 will be on the cards. The next downside target is seen at the $1,970 static support.
.Gold Sell 1897
Target 1879
Sl 1908
Additionally, the 14-day Relative Strength Index (RSI) indicator is lurking below the 50 level, justifying the bearish potential in Gold price.
However, a dead cat bounce cannot be ruled out given that the Gold price has fallen hard in the early part of the week.
If Gold sellers find a strong foothold below the $1,900 support, a fresh sell-off toward the August 21 low of $1,885 will be on the cards. The next downside target is seen at the $1,970 static support.
.Gold Sell 1897
Target 1879
Sl 1908
Note
30 pips running keep hold sellNote
Confirm targetNote
Gold SellNote
100% perfect targetNote
Follow My ChartNote
Support usNote
50 pips running keep hold sellNote
Confirm targetNote
Follow My ChartNote
Support usNote
80 pips running keep hold sellNote
Confirm targetNote
Hold guysNote
100% perfect targetNote
Follow My ChartNote
Support usNote
120 pips Running keep hold sellNote
Sell confirm signalNote
100% perfect targetNote
Hold guysNote
Follow My ChartNote
Support usNote
180 Pips target hit keep holdNote
Enjoy free signalsNote
100% perfect targetNote
Follow My ChartNote
Support us
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.