Technical Overview of trading recommendations GOLD Spot 26.11.19

gold price is adjusted upwards against the remaining sharp differences in negotiations between Washington and Beijing on trade. We believe that gold can be restored locally, but in the future will still be under pressure as the US-China trade agreement will be reached. 

The price is below the average indicator Bollinger border line at SMA 5 but below the SMA 14. RSI RSI is located above the zone and pereprodannosti turned upwards. Stoch is not informative.

Recommendations on GOLD Spot trade today: 

The growth of prices above $ GOLD Spot 1457.809 may lead to an increase in prices to 1462.50. We consider it possible to sell from this level on the back of positive US economic data that will be published today, with the 1444.50 target mark.

Analytics Grand Capital

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.