From a technical perspective, some follow-through buying beyond the $1,865 level should pave the way for additional gains, towards the next relevant hurdle near the $1,885 area. This is closely followed by the $1,900 round figure, which nears the 50-day Simple Moving Average (SMA) and should now act as a key pivotal point. A sustained strength beyond will suggest that the Gold price has formed a near-term bottom and pave the way for additional gains towards testing the 200-day SMA, currently pegged near the $1,928-1,930 region.
Gold now sell 1858
Sell limit 1862
Target 1854
Target 1850
Target 1841
SL 1872
Gold now sell 1858
Sell limit 1862
Target 1854
Target 1850
Target 1841
SL 1872
Note
Sell limit startNote
Sell limit gold sell 40 pips runningNote
Confirm my signalNote
Follow my chartNote
Hold confirm sellNote
Gold sell
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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.