Confluence of resistance for GOLD:
September Swing Low at 1849.21
200DMA: 1855.34
50 DMA: 1859.03
Monthly Open: 1863.84
Upper parallel of downward channel since August 2020
Need a close above Monthly Open 1863.84 to aim for target at 1919.84/1930.19
If resistance holds, downside targets 1763.16/1739.34, if this breaks next target 1689.57/1677.81
September Swing Low at 1849.21
200DMA: 1855.34
50 DMA: 1859.03
Monthly Open: 1863.84
Upper parallel of downward channel since August 2020
Need a close above Monthly Open 1863.84 to aim for target at 1919.84/1930.19
If resistance holds, downside targets 1763.16/1739.34, if this breaks next target 1689.57/1677.81
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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.