Gold is facing solid resistance at $1945.20 an ounce, waiting for the price of gold to gain some momentum to help push the price above this level and open the way for a new uptrend in the price of gold. In this case, the first bullish target for gold is $1960.00/oz, and the higher target is $1977.25/oz. Failure to break through $1,945.20 an ounce and fall below $1,938.50 an ounce would halt the expected uptrend and turn the outlook for gold to bearish.
Note
Gold falls as expected
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.
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.