XNGUSD resumes its uptrend after closing with a loss in three consecutive trading sessions; this might be a temporary uptrend, and it is possible for the price to find a pullback in the upcoming sessions.
The Relative strength index is at 62%, as the price continues to increase. The RSI could enter an overbought status; this will cause a price drop that could be temporary; however, we have seen the RSI levels stay above 70% for eight sessions in the past weeks. There is a chance that the price will continue to increase even if the overbought status is reached.
The Bollinger bands are closing up, but they are still very wide; high volatility can be expected in the upcoming days.
The short and long-term moving averages continue moving up, and the gap between the lines is still increasing, which is a buy signal.
Our parabolic SAR indicator suggests that the price will fall; it has been signaling a Sell for the last eight sessions; however, the price has not been falling too much.
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