Gold price faced a sharp sell-off after failing to sustain near all-time highs around $2,195. The precious metal has dropped to $2,160 and may continue its downside towards the 20-day Exponential Moving Average (EMA) at $2,097 as the divergence between them is waning. The asset tends to face a mean-reversion move after a wide divergence, which results in a price or a time correction.
On the downside, December 4 high near $2,145 and December 28 high at $2,088 will act as major support levels.
The 14-period Relative Strength Index (RSI) dropped to 73.00 after reaching the overbought territory, resulting in a correction.
Gold price faced a sharp sell-off after failing to sustain near all-time highs around $2,195. The precious metal has dropped to $2,160 and may continue its downside towards the 20-day Exponential Moving Average (EMA) at $2,097 as the divergence between them is waning. The asset tends to face a mean-reversion move after a wide divergence, which results in a price or a time correction.
On the downside, December 4 high near $2,145 and December 28 high at $2,088 will act as major support levels.
The 14-period Relative Strength Index (RSI) dropped to 73.00 after reaching the overbought territory, resulting in a correction.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن