There is a buying opportunity seen in gold. If the pair closes above 1802 we can expect the pair to trade at a higher level. The Commodity is trading above the Pitchfork, the commodity has been following the pitchfork.

The Commodity is trading just below the EMA. A death crossover is seen but we don't have many confirmation to go short if we get we will change our view.

The RSI is following the price and we expect the same to follow. The DMI is also showing a positive direction, we will get another confirmation once the adx shows the strength.

GOLD

Oct 20 2021