As we can see that the price had been falling for a while. The price started to fall when the US dollar rose.
And now, the US dollar goes mild, where would the gold price go?
The ascending triangle could be a bullish signal.
Also, the volume shows that the buyers are confident.
The Bollinger Bands seem to shrink, which is a signal for a big change.
The MACD and RSI are both in an upward trend.
All signals seem good so far, let’s expect the price to go up.
And now, the US dollar goes mild, where would the gold price go?
The ascending triangle could be a bullish signal.
Also, the volume shows that the buyers are confident.
The Bollinger Bands seem to shrink, which is a signal for a big change.
The MACD and RSI are both in an upward trend.
All signals seem good so far, let’s expect the price to go up.