Gold is heading to its support point. Target TP 1680. So, sell now. I used 3 indicators to see the direction of gold this time, for those of you who have qualified capital, now would be the right time to sell gold. According to indicators:
1. Stochastic, 2-3 days ago has reached its highest peak, you can see the blue line broke through the orange line, make the crossing point as a sell loss point.
2. RSI has touched the number below 50, ok we are in a downtrend
. If the two indicators are combined it is enough to see where gold will go next. The last step is to look at MACD to see further trend direction
1. Stochastic, 2-3 days ago has reached its highest peak, you can see the blue line broke through the orange line, make the crossing point as a sell loss point.
2. RSI has touched the number below 50, ok we are in a downtrend
. If the two indicators are combined it is enough to see where gold will go next. The last step is to look at MACD to see further trend direction