Rate of gold during trading in Europe rose as investors once again turned to the precious metal after its fall to a minimum 2-weeks yesterday.
Gold last traded mainly in the lateral direction. Futures on the metal consolidated after recent declines. Bidding took place in a narrow sideways in 1335 -1346. Resistance is located at 1360, support - at 1330.
MACD is in the negative area, histogram yesterday grew slightly, which indicates a weakening of the sellers.Oscillator RSI rebounded from oversold area. Signal line oscillator is directed upwards, that speaks in favor of shopping.
The price has broken the EMA-50 on 4-hour chart and moved lower, bounced off the 100-EMA. 50-EMA-EMA 100 and directed horizontally-EMA 200 looks up.
Forecast Gold XAU / USD today
Quotes of gold may resume decline, and if the level is breached in 1330, then the price will go to 1300. It is not excluded that the price of the precious metal expressed Stout to around 1360.
Based on materials from Fort Financial Services