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Locus1996

Gold Sell confirm signal

Penjualan
Emas / Dollar A.S. (OANDA:XAUUSD)  
Locus1996 Diupdate   
OANDA:XAUUSD   Emas / Dollar A.S.
Trend Analysis Fundamental Analysis Beyond Technical Analysis gold-analysis xauusd-trend gold-trading goldsell forexsignals
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trendanalysis fundamental beyondta gold-analysis xauusd-trend gold-trading goldsell forexsignals
From a technical perspective, the Relative Strength Index (RSI) on the daily chart has just started drifting in the oversold zone and helps limit the downside for the Gold price. The subdued range-bound price action, meanwhile, might still be categorized as a bearish consolidation phase and the lack of any buying interest suggests that the path of least resistance for the XAU/USD is to the downside. However, it will be prudent to wait for some near-term consolidation or a modest rebound before positioning for a further depreciating move. Nevertheless, the XAU/USD remains vulnerable to prolong its downward trajectory towards the next relevant support near the $1,860-1,858 region en route to the $1,820 level.

Gold Sell 1885
Target 1857
Sl 1889
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