GOLD: Is the market stable?

Technical Overview

Gold price prods lower line of a two-month-old bullish channel as the GOLD traders brace for the key United States Retail Sales and debt ceiling negotiations among the US policymakers.

Given the steady Relative Strength Index (RSI) line, placed at 14, as well as the sluggish signals from the Moving Average Convergence and Divergence (MACD) indicator, the Gold price is likely to grind lower.

SELL GOLD zone 2024 - 2027

Stoploss: 2032
Take Profit1: 2015
Take Profit2: 2005
Take Profit3: 1995

Note: Set full TP, SL to win the market and be safe in trading!

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