Gold once again rejected by 1900 yesterday. The uplifting momentum has slowed down after the price escaped the S-T support line(1) in the Asian session. Price sank below 1895 and the day ended at 1891.
The S-T trend has shifted from upward to horizontal. Before a new S-T trend is formed, the price should trade between 1880-1910(3).
Gold maintains its path with 1890-1910 on the daily chart(4). S-T high/low are now set at 1880/1903.
S-T Resistances:
1908
1900
1895
Market price: 1893
S-T Supports:
1890
1884
1880
Please give us a thumbs up if you like our ideas. Leave us a comment and share your thoughts.
P. To
The S-T trend has shifted from upward to horizontal. Before a new S-T trend is formed, the price should trade between 1880-1910(3).
Gold maintains its path with 1890-1910 on the daily chart(4). S-T high/low are now set at 1880/1903.
S-T Resistances:
1908
1900
1895
Market price: 1893
S-T Supports:
1890
1884
1880
Please give us a thumbs up if you like our ideas. Leave us a comment and share your thoughts.
P. To
Related publications
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.
Related publications
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.