GOLD - Our Analysis Shows Gold At Major Turning Point
Our analysis indicates gold is at the very important support area 1750-1760. The support area 1750-1760 is a major support because it is the last swing low, and it is also coincides with the uptrend line support. This proves to be a major turning point for gold in medium and long term ahead.
If gold is able to hold 1750, gold can bounce back to 1790-1795 resistance area. If not, gold's bull market since 2019 might be in danger.
If gold is able to hold 1750, gold can bounce back to 1790-1795 resistance area. If not, gold's bull market since 2019 might be in danger.
Related publications
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.