Thursday, December 5, 2019

Gold : Technical View : 06.12.2019

Gold : Technical View : 06.12.2019

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On the daily chart, the price has gained 0.04% 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.