Gold Analysis
Pivot: 1287.50
Our preference: long positions above 1287.50 with targets at 1297.00 & 1300.00 in extension.
Alternative scenario: below 1287.50 look for further downside with 1283.50 & 1277.50 as targets.
Comment: a support base at 1287.50 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1305.00
1300.00
1297.00
1292.20 Last
1287.50
1283.50
1277.50
Our preference: long positions above 1287.50 with targets at 1297.00 & 1300.00 in extension.
Alternative scenario: below 1287.50 look for further downside with 1283.50 & 1277.50 as targets.
Comment: a support base at 1287.50 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1305.00
1300.00
1297.00
1292.20 Last
1287.50
1283.50
1277.50
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.