Gold Buy or Sell?

On  the hourly charts gold is pepping up with momentum. $1331 will be acting as an important supply zone for the yellow metal. A close above it will resume the trend up in gold.  The RSI is moving near the bullish extreme levels. How the indicator behaves here holds the key. If RSI does not resist and keeps moving up with corrective small moves down above 50 levels, then Gold may be ready to move to 1350 & 1370

On the flip side if RSI fails to keep up and prices reverse from the $1331 levels, further corrections may be witnessed.

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

ProRSI is a premium trading mentorship program which helps you trade profitably

+91 9748173333

Mon - Sat 9.30 - 19.00

Sunday closed