Gold is making Symmetrical Triangle since July 24. Supports are $1920 and $1820, resistances are $2070 and $2190 which is our target.
As we can see at the chart, Gold is consolidated to $1920 and corrected itself. And if we look at the trend it goes completely upwards, that means it's high possibility that our Symmetrical Triangle going to explode upwards.
RSI is now 47 that means there's considerable chance for uptrend. Stock RSI is just like that, now at the bottom which means oversold.
The analysis I make is not an investment advice, make your investment decisions only by yourself.
As we can see at the chart, Gold is consolidated to $1920 and corrected itself. And if we look at the trend it goes completely upwards, that means it's high possibility that our Symmetrical Triangle going to explode upwards.
RSI is now 47 that means there's considerable chance for uptrend. Stock RSI is just like that, now at the bottom which means oversold.
The analysis I make is not an investment advice, make your investment decisions only by yourself.