Gold buy confirm trade
On th flip side, the Asian session low, around the $1,980 level, now seems to protect the immediate downside ahead of the $1,971-1,970 region. Some follow-through selling might expose the weekly trough, around the $1,953-1,952 zone touched on Tuesday. The latter represents a strong horizontal resistance breakpoint and should act as a key pivotal point. A convincing break below will make the Gold price vulnerable to accelerate the fall back towards challenging the 200-day Simple Moving Average (SMA), currently pegged near the $1,932-1,931 region.
Gold buy 1988
Target 1994
Target 2000
Target 2005
Sl 1976
Gold buy 1988
Target 1994
Target 2000
Target 2005
Sl 1976
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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.