Markets

Trading Forecast Gold

Gold closed lower on Monday and the mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought and remain neutral to bullish signalling that sideways to higher prices are possible near-term. With June trading into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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