The U.S. dollar is not fluctuating much at present and has been hovering around 103.1. For now, it is unlikely that gold will turn around and rise. However, when the dollar can fall back at 102.8 and 101.5, gold is bound to rebound. The resistance level of gold can be seen at 1902 and 1910. The lower support is 1887 and 1880.
Note
Suggestions SHORT 1899-1902 TP 1885-1890 SL 1904-1907
Note
The U.S. dollar continued to be strong and stable, and the gold rebound was coming to an end. SHORT 1907-1910
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.