Gold sell

Gold bouncing stopped at 1800

16 august 2022 103
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
2nd in the segments "Currencies", "Agricultural commodities" and "Oil and gas"
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Gold quotes managed to overcome a downward trend from the annual high. Despite that, no strong momentum of growth is present, and the upward movement has stopped at the level of 1800. The dollar index has started to rise again, affecting gold and other commodities.


"Bearish engulfing" combined with the reversal of the RSI indicator forecasts decreasing of gold. The price might go down to the level of the previously breached trend, which is now at 1740.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
2nd in the segments "Currencies", "Agricultural commodities" and "Oil and gas"
3rd in the segments "Indices" and "US stocks"
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