From TradingView · · 30s
Gold Targets 3,800 as Bearish Wave Continues
Gold price targets 3,800 after bearish technical signals.
In brief
Gold price targets 3,800 after bearish technical signals. Gold price targets 3,800 as technical indicators show bearish momentum. Originally reported by TradingView.
Gold Price Targets 3,800
Gold price targets 3,800 as technical indicators show bearish momentum.
Bearish Technical Signals
Gold turned bearish on its 1D technical outlook with RSI = 42.005, MACD = -41.494, ADX = 21.055.
Consolidation and Target
Gold has been consolidating for 3 weeks as it mirrors March-May fractal ending on June selloff below 1.618 HL Fibonacci extension.
The short version
Gold price targets 3,800 as technical indicators show bearish momentum.
