The resistance level of 238.15 is holding back buyers. Stochastic Oscillator indicator signals oversoldness. The MACD indicator generates a downward movement signal. Support level is 229.63.
Trading recommendations:
Sell below 229.63.
Stop loss - 238.15.
Target levels: 222.26; 216.70; 211.00.
Gold on the spot is trading higher as the investors are abandoning risk assets, while the demand for defensive assets (including this metal) is increasing. The continued tension over caused by the coronavirus will push prices up.
The price is above the middle Bollinger band, below SMA 5, but above …
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