Gold keeps on a downtrend from the following days,
- If it gains enough momentum it might retrace back to 1906.104 . The downtrend can be broken if the prices crosses the retracement line, starting a possible uptrend;
- The price is currently trying to break the support level at 1755.061 . If the support is broken, our target might be 1687.075 .
- There is a strong chance to keep a downtrend because there is a Parabolic SAR sell confirmation AND THE MACD levels are (-2.320, 130.200 and 132.509 and going down) and RSI on 57.96 going down, on the Monthly Chart.
- NOTICE that everything can change after today's news release in the USA, these news will have a major impact on the commodity.
WATCH CAREFULLY
- If it gains enough momentum it might retrace back to 1906.104 . The downtrend can be broken if the prices crosses the retracement line, starting a possible uptrend;
- The price is currently trying to break the support level at 1755.061 . If the support is broken, our target might be 1687.075 .
- There is a strong chance to keep a downtrend because there is a Parabolic SAR sell confirmation AND THE MACD levels are (-2.320, 130.200 and 132.509 and going down) and RSI on 57.96 going down, on the Monthly Chart.
- NOTICE that everything can change after today's news release in the USA, these news will have a major impact on the commodity.
WATCH CAREFULLY
Trade closed: target reached:
Price activated.
Closed profits at 1739.42
Closed profits at 1739.42
