Gold
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Gold in a Lateral Movement, potential short term shots

Gold sideways in the upper zone of the bearish channel of gold in 15-minute timeframe in the range of 2006.78 to 2019 USD. Possibility of reaching 2032 USD.

The previous daily range touched the 2019.35 level, so although at a technical level a possible rebound with a return to the upper part of the bearish channel is visualized, the general monthly trend shows a clear downward trend with a lot of selling pressure.

The RSI is showing an oversold divergence, so it is unlikely that this trend will change during the course of the day, and it might touch the 2032 range. This could be the limit of the buyers' extension at this moment.




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Chart PatternsTechnical IndicatorsTrend Analysis

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