Gold prices are trading in a descending triangle, which signals volatility control. The downtrend line is projected from a high of $ 16,857.58 on June 16, while horizontal support is placed from a low of $ 1,815.73 on June 16. The golden bulls included a 20-fold exponential moving average (EMA) of $ 1,821.22. The Relative Force Index (RSI) (14), meanwhile, was able to recover in the range of 40.00-60.00, indicating that a new part of the downward motion has now been postponed.