Another try for short term prediction.
As you can see in the chart, the EMA50 serves as the resistence of the Gold.
And since the Gold go across the hourly support line of 1458.86 and both the MACD and RSI show negtive signal, I think the gold will move to the lower trendline and maybe take suport of the 15min support level of 1439.57.
If 15min support level of 1439.57 is broke through, hourly support of 1423.92 might be the next target.
Please give me some advice.
As you can see in the chart, the EMA50 serves as the resistence of the Gold.
And since the Gold go across the hourly support line of 1458.86 and both the MACD and RSI show negtive signal, I think the gold will move to the lower trendline and maybe take suport of the 15min support level of 1439.57.
If 15min support level of 1439.57 is broke through, hourly support of 1423.92 might be the next target.
Please give me some advice.