Gold Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The price fell sharply from the 4350 level and is now trading far below all its moving averages. These averages have crossed into a bearish pattern, confirming the strong downward momentum. The drop found significant support at 4000 and is currently consolidating.



The RSI indicator also shows this intense selling pressure has paused. For the downtrend to continue, watch for a price break below 4050, which would likely lead to a retest of the 4000 support. For any bullish recovery, the price must first break above the 4100 resistance level.
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