Gold : Technical View : 15.11.2019
* On the daily chart, the price shined 0.43% in the previous trading session.
* Moreover, the price has taken the support from the lower line of the Symmetrical Triangle Pattern, which adds support in the counter.
* On the other hand, it has also shifted above the 21*50 days SMA’s, which adds positive strength in the counter for short term.
* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.
* With these technical analysis; we expect bullish move in the counter.
* Moreover, the price has taken the support from the lower line of the Symmetrical Triangle Pattern, which adds support in the counter.
* On the other hand, it has also shifted above the 21*50 days SMA’s, which adds positive strength in the counter for short term.
* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.
* With these technical analysis; we expect bullish move in the counter.