Technical Analysis and Outlook
Gold held a significant level of $1,500 price, which is a bullish setting, following completion of the Outer Gold Dip $1,460 and validating with Key Sup of $1,473 (BARC), while staying above Maginot Line $1,475 since October 1.
Ahead now is Mean Res $1,533. A breach of that would validate a breakout and leave the door open for the Gold to trend higher to Key Res $1,550 and retest of completed Inner Gold Rally $1,555, then launching significant move to Outer Gold Rally $1,590.
Gold held a significant level of $1,500 price, which is a bullish setting, following completion of the Outer Gold Dip $1,460 and validating with Key Sup of $1,473 (BARC), while staying above Maginot Line $1,475 since October 1.
Ahead now is Mean Res $1,533. A breach of that would validate a breakout and leave the door open for the Gold to trend higher to Key Res $1,550 and retest of completed Inner Gold Rally $1,555, then launching significant move to Outer Gold Rally $1,590.
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.