Hello dear friends, Today the price of gold is trading quite gloomy, down nearly 5 USD and trading around 2050 USD with the trend seemingly starting to move sideways as the market is quite quiet from the holiday event of banks .
The next downside price objective is seen at the triangle support at $2,049. Further out, Friday's low of $2,027 could bring temporary respite to Gold buyers.
The final line of defense for Gold optimists is seen day at $2,020.
On the upside, strong resistance is seen at around $2,060, above which static resistance at $2,080 will come into play. If the bullish momentum regains traction, a retest of the $2,100 barrier cannot be ruled out.
The next downside price objective is seen at the triangle support at $2,049. Further out, Friday's low of $2,027 could bring temporary respite to Gold buyers.
The final line of defense for Gold optimists is seen day at $2,020.
On the upside, strong resistance is seen at around $2,060, above which static resistance at $2,080 will come into play. If the bullish momentum regains traction, a retest of the $2,100 barrier cannot be ruled out.
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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.