On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base.
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.
Gold now sell 2754
Support 2737
Support 2729
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.
Gold now sell 2754
Support 2737
Support 2729
Note
Gold sell 10 pips running Note
Gold sell 20 pips running Note
Gold sell 30 pips running Note
Gold sell 40 pips running Note
Gold sell 50 pips running Note
Xauusd sell Note
Confirm signal Note
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Gold sell 60 pips done Note
Gold sell 70 pips running Note
Gold sell 80 pips running Note
Gold sell 90 pips running Note
Gold sell 100 pips running Note
Gold sell 110 pips running Note
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Gold sell 120 pips running Note
Gold sell 130 pips running Note
Gold sell 140 pips running Note
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1 support Hit 150 pips done Note
Gold sell 160 pips running Note
Gold sell 170 pips running Note
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Gold confirm signal Note
Gold sell 190 pips running Note
Confirm signal Note
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Gold sell 200 pips running Note
Gold sell 210 pips running Note
Gold sell 220 pips running Note
All support Hit 230 pips done Note
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Gold signal
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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.