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Gold Technical analysis 21 September 2018

2018-09-20 11:09 pm | Resource: Technical Analysis | No Views : 180

Time frame Used - four hours
Gold is moving in a sideway direction in the near term
Gold still faces resistance around levels of  1207-1215
  In view of the technical indicators
Both the RSI and the Stochastic are indicating improved performance
  Accordingly, we expect that the gold will test levels of 1207-1215
The alternative scenario is that the gold breach  the 1215 level to target the 1233 level
Resistance: 1207 - 1215 - 1125
Support: 1200 - 1196 - 1190
  Direction: sideway
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