Gold : Technical View : 05.12.2019
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On an hourly chart, the price has gained
0.56% during the last session.
Moreover, the price has shifted above the median line of the Bollinger Band, which adds positive strength in the counter.
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 shifted above the median line of the Bollinger Band, which adds positive strength in the counter.
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.