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18/09/2022
Gold touched the lower limit of the descending regression channel coming from March on Friday and the Relative Strength Index (RSI) indicator on the daily chart rebounded from 50, suggesting gold is in a correction phase while staying bearish.
On the upside, $1,680 (mid-point of the descending channel, former support) aligns as the next hurdle ahead of $1,700 (psychological level, static level). A daily close above the latter could attract additional buyers and open the door for an extended recovery toward the upper end of the regression channel at $1,720, where the 20-day SMA is also located.
Interim support is located at $1,665 (static level) ahead of $1,654 (September 16 low) and $1,640 (static level from April 2020).
17/09/2022
#ইনভেষ্ট_করে_নিশ্চিন্তে_প্রফিট_করুন_২% #থেকে_৭%।
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House-49, Road-13
Block-D, Banani
Dhaka-1213
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House-49(Lift-4), Road-13, Block-D, Banani
Dhaka
1213
