Gold : Technical View : 09.12.2019
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On the daily chart, the price has been trading
below the falling trend line and drifted 1.05%
during the last session.
Moreover, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.
Furthermore, the price has shifted below the 21*50 days SMA’s and Parabolic Sar, which signify negative sentiments for the counter.
Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.
As per the above technical structure; we expect a bearish move in the counter
Moreover, the price has been trading below the median line of the Bollinger Band, which adds bearish strength in the counter.
Furthermore, the price has shifted below the 21*50 days SMA’s and Parabolic Sar, which signify negative sentiments for the counter.
Additionally, RSI(14) has sustained below the 50 level, which suggests falling prices in the near term.
As per the above technical structure; we expect a bearish move in the counter