Gold is getting massive support form the range of $1.862,49 to $1.848,49, incl. the 78,6% Fibonacci level.
If the support holds, the next major resistance is the downtrend and 50-periods exponential moving average at $1.895-ish.
Else the next level of support would be $1.765,00 following the downtrend as “support”
The relative strength index will be forced to break either up or down latest mid December. It will most likely set the direction.
If the support holds, the next major resistance is the downtrend and 50-periods exponential moving average at $1.895-ish.
Else the next level of support would be $1.765,00 following the downtrend as “support”
The relative strength index will be forced to break either up or down latest mid December. It will most likely set the direction.
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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.