The price of gold fell in pyatnnitsu as increased tension concerning the potential tightening of US Fed monetary policy this year.
Tool closed the trading day with a predominance of bearish sentiment. Rally was stopped at 1330, from which the price jumped in the downstream direction. Price is a side channel. Resistance is located at 1330 support - at 1316.
MACD is in the negative zone. Histogram rose, indicating a weakening of the position of sellers. RSI Oscillator is in the neutral zone.
The price broke through in the downward direction, the EMA 50 and 100, the EMA on the 4-hour chart. Now the price is below the 100 EMA. 50, the EMA and the 100 EMA are directed downwards, 200-EMA - neutral.
Gold forecast for today
Trading in gold is likely to continue in a sideways range bound in 1330 and 1316. It is possible that begin an uptrend, if the price rises above 1330.
Based on materials from Fort Financial Services