GOLD (XAU-USD) 1H Chart
Hi everyone
- The price of gold is hovering just below $2,400.
- The Relative Strength Index (RSI) is at 56.0, indicating that the risk is skewed to the upside.
- Gold will need to break above $2,396 to confirm an upside break from the symmetrical triangle.
- The next barrier will be at $2,432, and if it breaks above that, the next target will be $2,450.
- If gold falls below $2,375, it will negate any bullish potential
Good Luck
- The price of gold is hovering just below $2,400.
- The Relative Strength Index (RSI) is at 56.0, indicating that the risk is skewed to the upside.
- Gold will need to break above $2,396 to confirm an upside break from the symmetrical triangle.
- The next barrier will be at $2,432, and if it breaks above that, the next target will be $2,450.
- If gold falls below $2,375, it will negate any bullish potential
Good Luck
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