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[Gold]
Although the RSI(14) is in the Neutral-Bearish level, the Golden Cross condition of both EMAs indicates that there is potential for strengthening in the near future.
Key Levels
1. Resistance. 2 : 4283.11
2. Resistance. 1 : 4240.23
3. Pivot : 4215.89
4. Support. 1 : 4173.01
5. Support. 2 : 4148.67
Tactical Scenario:
Positive Reaction Zone: If Gold breaks above 4215.89, it may have the potential to reach 4240.23.
Momentum Extension Bias: If 4240.23 is breached and closes above, there is a potential for Gold to test 4283.11.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of Gold declines below 4148.67.
Technical Summary:
EMA(50) : 4211.81
EMA(200): 4206.02
RSI(14) : 47.89
Economic News Release Agenda :
Tonight from the U.S. session, there are no economic data are scheduled to released
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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