GOLD: WEEKLY SCENARIO
GOLD Technical Analysis: Weekly Chart
In the weekly charts, Gold is trading in an up channel. Gold is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1950.00 the resistance level is at 2100.00
Gold will trade in an up channel until there is a trend reversal.
GOLD Technical Analysis: Daily Chart
In the daily charts, Gold is trading in an up channel. Gold is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1950.00 the resistance level is at 2050.00
Gold will trade in an up channel until there is a trend reversal.
How to Trade GOLD this Week:
Gold will follow the Uptrend until its trend reversal. So, remain bullish on GOLD