GOLD: What's the Direction at the Crossroad?

Hello everyone! Today i want to share some trading analysis with you!

Gold's rally has paused and opened the door to a sharp decline as the price has fallen back below $3,400.

Momentum, as depicted by the Relative Strength Index (RSI), suggests that buyers are losing momentum. That's not good for gold, and a drop below $3,300 could intensify the downtrend and head for the cycle low of $3,202 on 1 May.

If gold climbs above $3,350, this could push the price back towards 3,400!

Image

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Today i want to share some trading analysis with you!1.TECHNICAL: <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> Gold's rally has paused and opened the door to a sharp decline as the price has fallen back below $3,400.Momentum, as depicted by the Relative Strength Index (RSI), suggests that buyers are losing momentum. That's not good for gold, and a drop below $3,300 could intensify the downtrend and head for the cycle low of $3,202 on 1 May. If gold climbs above $3,350, this could push the price back towards 3,400! <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/983c948f504407d9ee7ab716c842b1c4\" tg-width=\"759\" tg-height=\"463\">ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!<blockquote>Find out more here：<ul style=\"\"><li><a href=\"https://tigr.link/9ApRRc\" title=\"Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.\" target=\"_blank\">Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</a></li><li><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></li><li><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></li></ul></blockquote><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some trading analysis with you!1.TECHNICAL: <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> Gold's rally has paused and opened the door to a sharp decline as the price has fallen back below $3,400.Momentum, as depicted by the Relative Strength Index (RSI), suggests that buyers are losing momentum. That's not good for gold, and a drop below $3,300 could intensify the downtrend and head for the cycle low of $3,202 on 1 May. If gold climbs above $3,350, this could push the price back towards 3,400! <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/983c948f504407d9ee7ab716c842b1c4\" tg-width=\"759\" tg-height=\"463\">ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!<blockquote>Find out more here：<ul style=\"\"><li><a href=\"https://tigr.link/9ApRRc\" title=\"Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.\" target=\"_blank\">Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</a></li><li><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></li><li><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></li></ul></blockquote><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></body></html>","text":"Hello everyone! Today i want to share some trading analysis with you! 1. TECHNICAL: $S&P 500(.SPX)$ Gold's rally has paused and opened the door to a sharp decline as the price has fallen back below $3,400. Momentum, as depicted by the Relative Strength Index (RSI), suggests that buyers are losing momentum. That's not good for gold, and a drop below $3,300 could intensify the downtrend and head for the cycle low of $3,202 on 1 May. If gold climbs above $3,350, this could push the price back towards 3,400! Image For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":15,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/433240518979736","repostId":0,"isVote":1,"tweetType":1,"viewCount":1166,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":776,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/433240518979736"}