Gold : Technical View : 17.12.2019
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On the daily chart, the price has closed on a
positive note and rose by 0.12%
Moreover, the price has pulled back from the lower Bollinger Band, which adds positive indication in the counter.
Furthermore, the price has sustained above 200 days SMA’s, which signals positive momentum in the counter.
Additionally, RSI(14) has shown positive crossover, which support in the counter for the near term.
As per the above technical structure; we expect a bullish move in the counter.
Moreover, the price has pulled back from the lower Bollinger Band, which adds positive indication in the counter.
Furthermore, the price has sustained above 200 days SMA’s, which signals positive momentum in the counter.
Additionally, RSI(14) has shown positive crossover, which support in the counter for the near term.
As per the above technical structure; we expect a bullish move in the counter.