Gold violates support – Is it after $1,190?
Arslan Butt • 1 min read
What’s up, traders.
Taking a quick look on the hourly chart, gold has violated the intraday support level of $1,194 which can lead its prices towards $1,190. In order to catch the move, we decided to jump in and share a sell trading signal below $1,194.50 to target $1,190.50.
The RSI is supporting a selling trend along with the 50 – periods EMA. As you can see on the FX Leaders signal page, gold trade is making like 20 pips. Investors are advised to move their stops at breakeven points and keep following us for more updates!