Gold at a turning point
Weekly technical picture is really interesting! For the last 3 weeks gold has been attacking severely a key resistance zone made of the confluence of multiple technical indicators: upper bound of a mid-term down trending channel and the 200 weekly EMA.
The weekly candlestick is a doji, it's a sign of indecision and can often be interpreted as a reversal signal especially after a strong rally as the one we have seen recently.
The stochastic oscillator is also deeply overbought meaning that the upside potential is now limited.
The weekly candlestick is a doji, it's a sign of indecision and can often be interpreted as a reversal signal especially after a strong rally as the one we have seen recently.
The stochastic oscillator is also deeply overbought meaning that the upside potential is now limited.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.