Gold : Technical View : 02.12.2019
Join Whatsapp 9841986753
Whatsapp Number : 91-9094047040 / 91-9841986753
On a four hourly chart, the price has shown
good recovery and closed with gain of 0.65%
during the last session.
Moreover, the price has taken the support of the lower Bollinger Band and sustained above it’s median line.
Furthermore, the price has shifted above the 21*50 days SMA’s and Parabolic Sar, which signify bullish sentiments for the counter.
Additionally, RSI(14) has sustained above the 50 level, which suggests rising prices in the near term.
As per the above technical structure; we expect a bullish move in the counter
Moreover, the price has taken the support of the lower Bollinger Band and sustained above it’s median line.
Furthermore, the price has shifted above the 21*50 days SMA’s and Parabolic Sar, which signify bullish sentiments for the counter.
Additionally, RSI(14) has sustained above the 50 level, which suggests rising prices in the near term.
As per the above technical structure; we expect a bullish move in the counter