Our Technical Confluence indicator suggests the sluggish recovery of the Gold Price even as it recently poked the mid-tier resistance confluence surrounding $1,895 comprising Fibonacci 38.2% on one day, 100-HMA and the middle band of the Bollinger on the hourly chart.
However, a convergence of the Fibonacci 38.2% on one-week and the upper band of the Bollinger on the four-hour (4H) play prods the immediate upside of the Gold Price near the $1,900 round figure.
Gold sell 1901
Target 1897
Target. 1893
Target 1885
Sl. 1912
However, a convergence of the Fibonacci 38.2% on one-week and the upper band of the Bollinger on the four-hour (4H) play prods the immediate upside of the Gold Price near the $1,900 round figure.
Gold sell 1901
Target 1897
Target. 1893
Target 1885
Sl. 1912
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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.