The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations: …
Gold price remains in a short-term downtrend. The coronavirus situation continues to have a negative impact on gold prices. The situation will not change in the short term.
The price is below the average line of the Bollinger band, below SMA 5 and SMA 14. RSI balances above the oversold …
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