xauusd (Gold) technical analysis on dated 02-09-2022

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In the markets, gold is traditionally seen as a safe haven asset. This is because it doesn’t experience the same volatility as other assets, and it has been a reliable store of value over the years.

 

When analyzing gold using technical analysis, you can use indicators like the Relative Strength Index (RSI) to determine whether the market is overbought or oversold. You can also look at price trends to see if there’s any indication that the price is about to change direction. Xauusd Live Chart is available in our Telegram free channel.

 

If you’re looking to invest in gold, then it’s important to keep an eye on these indicators so that you can make informed decisions about when and how to buy. Please follow the instructions for xauusd tradingview-

 

  • Price action has broken from the previous formation
  • We look for losses to be extended today
  • We are assessed to be in a corrective mode higher
  • Prices expected to stall near trend line resistance
  • We look to sell rallies

 

Recommendation: Sell/Sell limit @ 1710         Target: 1690/1685