IndexaCo

Gold tries to overcome the $2,000 level amid renewed bank fears

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is trading within a symmetrical triangle on the 2-hour chart, indicating a decrease in volatility. The triangle's rising and falling trend lines are at 1 ,976 and 2 ,009, respectively. Gold remains above the 50-period exponential moving average (EMA) at 1 ,998, indicating a strong upward trend.
With the Relative Strength Index (RSI) fluctuating between 40.00 and 60.00, investors appear to be waiting for a potential trigger.

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