GOLD D1 07.12.2022 Daily review
Gold. Daily timeframe. Daily review
1) Gold in a range between 1765 (key level). 1786
2) A correction in the uptrend is forming.
3) RSI is in the long zone, above the neutral line (bullish sentiment)
4) Price is testing the upper boundary of the higher volume density zone and could essentially go back towards 1825
5) The 1765-1729 zone will be quite difficult to overcome, more volume density and most likely buying will prevail
6) I tune in expecting the growth towards 1786, 1802 and to 1869 in the mid term
1) Gold in a range between 1765 (key level). 1786
2) A correction in the uptrend is forming.
3) RSI is in the long zone, above the neutral line (bullish sentiment)
4) Price is testing the upper boundary of the higher volume density zone and could essentially go back towards 1825
5) The 1765-1729 zone will be quite difficult to overcome, more volume density and most likely buying will prevail
6) I tune in expecting the growth towards 1786, 1802 and to 1869 in the mid term
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