Gold sell

Gold bouncing stopped at 1800

16 August 2022 333
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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.

This content is for informational purposes only and is not intended to be investing advice.

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