Resistance - $1263, $1270, $1284
Support - $1253, $1247, $1243
Support - $1253, $1247, $1243
- As anticipated earlier today, Gold breached $1253 (earlier resistance, now support).
- A sharp recovery from low of $1234 followed by a break above daily 50-MA and subsequent breach of key Fibo level at $1253 indicates prices are on track to test falling trend line resistance currently seen at $1263 levels.
- A day end closing above the same would indicate a short-term bottom is in place at $1234.
- On the lower side, a clear break below $1230 is needed to signal bullish invalidation.
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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.