Gold Spot / U.S. DollarUpdated GOLD'S LONG TERM VIEW
If price remains below 1959.32 which is 2021's high then price will get support at 1875.02, which a apex point. If price has to go up it should remains above 1875.02 targetting 2187.87 but if prices closes below 1875.02, then obvious target will be yearly (2022) Pivot Point 1836 which should stand solid support. In case the prices pierece through PP and closes below then we will move towrads the low of 2021 which is 1676.76. Below this point we get the support at 1555.79
Note
Gold price has pierced through PP 1836 and got support at 1832Note
Expect Gold price to be trading below 1615 in near future.Note
Will 2187 hit?Note
2187 was achieved.
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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.