Gold at critical trend line support, bearish break on RSI
Gold's retreat from $1263.87 suggests the rally from the December low of $1122.87 has topped out, however, the trend reversal is only seen if the metal sees a two consecutive daily close below the rising trend line (red) support seen today at $1235.
The daily RSI shows a bearish break from the triangle formation.
A daily close below $1235 would expose $1200 levels.
The daily RSI shows a bearish break from the triangle formation.
A daily close below $1235 would expose $1200 levels.
