Gold is trading within a symmetrical triangle on the 2-hour chart, indicating a decrease in volatility. The triangle's rising and falling trend lines are at
1
,976 and
2
,009, respectively. Gold remains above the 50-period exponential moving average (EMA) at
1
,998, indicating a strong upward trend.
With the Relative Strength Index (RSI) fluctuating between 40.00 and 60.00, investors appear to be waiting for a potential trigger.
1
,976 and
2
,009, respectively. Gold remains above the 50-period exponential moving average (EMA) at
1
,998, indicating a strong upward trend. With the Relative Strength Index (RSI) fluctuating between 40.00 and 60.00, investors appear to be waiting for a potential trigger.