Gold price still maintains an upward trend on the Trendline!
Hello everyone, Brian, do you think the gold price will increase or decrease today?
In today's chart we are seeing this precious metal moving around 2325 USD and still keeping the price above the trendline, however the trend has no clear direction when the EMA 34, 89 merge and do not give clear signals.
Accordingly, two cases will occur:
- One is to break the trendline and prioritize selling, target 2300 USD
- The second is to continue moving on the trendline and continue the upward momentum, target 2360 USD.
In your opinion, in what direction will it move?
In today's chart we are seeing this precious metal moving around 2325 USD and still keeping the price above the trendline, however the trend has no clear direction when the EMA 34, 89 merge and do not give clear signals.
Accordingly, two cases will occur:
- One is to break the trendline and prioritize selling, target 2300 USD
- The second is to continue moving on the trendline and continue the upward momentum, target 2360 USD.
In your opinion, in what direction will it move?
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