Gold futures have returned to a decrease in the background of political uncertainty, the banking crisis in Italy, as well as low interest rates in many world countries.
The price remained near the lower boundary of the descending channel. Gold futures traded in 1330 on Friday. Resistance is located at 1360, support - at 1330.
MACD is in the negative area, histogram grew, indicating the weakening of sellers. Oscillator RSI rebounded from oversold area.Signal line oscillator is pointing up, indicating that the strengthening of customer positions.
The price has broken the EMA-50 on 4-hour chart, but was stopped in the EMA-100, from which sprang up. 50-EMA, 100 and 200-EMA-EMA downwards.
Gold Pronoza today
If the gold price strikes the support at 1316, their downward movement may continue with Target in 1300.
Based on materials from Fort Financial Services