
Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…
2019-11-29 • Updated
On the H1 chart of NZDCAD, the price has been showing an uptrend lately, rising above the upper band of the Envelopes. That means the upward movement will continue for a while. However, the RSI and Stochastic Indicators are in the overbought zones. Therefore, the bearish reversal is looming in the short-term. The price is likely to move up to the resistance of 0.8563 and bounce downwards. As soon as the RSI crossing the 70% and the Stochastic’s fast line crossing the slow one upside-down confirms that, it may be a good moment to open shorts. The support for this scenario may be placed in the range of 0.8518 - 0.8515.
Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…
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