Over the last few years, the monthly chart on the gold spot price has printed higher lows while creating a strong resistance at $1,366/oz. As the stock market continues the recession trend, commodities are used to hedge those losses which will only help increase the price of gold.
Technicals:
Support - increasing trendline
Resistance - $1,366
MACD - Almost bullish cross on the monthly
GOLD or 
GLD
Technicals:
Support - increasing trendline
Resistance - $1,366
MACD - Almost bullish cross on the monthly
GOLD or GLD
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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.