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Gold: Price Moved Within Very Tight Range Between 1190.00 Support

Published 04/20/2015, 06:10 AM
Updated 07/09/2023, 06:31 AM

Gold Daily Chart

Gold price moved within a very tight range between 1190.00 support and 1207.00 resistance. We can see on the daily chart that MACD signal lines and histogram are very close to zero line, moreover, the price is trading between linear regression indicators.

According to the previously mentioned technical facts, we prefer staying aside, waiting for more confirmations.

Support Resistance & Recommendation

Latest comments

To me as a Gold trader, Sell on every rise is never go wrong. It's just a simple method to get richer day by day. Its been an easy game so far. Just keep in my mind that gold is piece of s**t, Gold price getting expensive is just s**t I can't believe
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