Gold is currently moving with steady bearish momentum to the downside. at the opening of the week we saw downside momentum which is supported by price trading below the 50 SMA and trading with bearish momentum on the RSI below 45.
Potential retracement towards the $3344 price levels before continuation to the downside support at $3300. Looking to capitalize on this short opportunity for the day before price reacts to the major support at $330
Potential retracement towards the $3344 price levels before continuation to the downside support at $3300. Looking to capitalize on this short opportunity for the day before price reacts to the major support at $330
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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.