Back
25 Apr 2019
Gold Technical Analysis: Bullish divergence on the momentum indicators
- Technically, bears can look to break below 200-DMA around the confluence of 1249/50% Fibo area.
- There is bullish divergence on the momentum indicators such as RSI and stochastics.
- On the upside, bulls will need to get and stay above 1275 and then 1280 before 1303 with a look in at 1308 (61.8% Fibo) and the trendline resistance.
