Gold is trading at the lower end of 1794.70–1813.00 after reaching the local maximum. If the market sentiment today shifts to positive, the price of gold may decrease.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Movings averages suggest selling. RSI is located below the level of 50% and is growing. Stoch are in the oversold zone.
Gold Spot rate online: monitor the price movement in real time.
Trading recommendations:
A breakout of the level 1794.70 amid a wave of optimism will lead to a decrease in the price to 1784.50.