Gold closed bearish last week and was in the weekly pivot area for this week. If the price continues the trianggle pattern then the price will move to the first weekly resistance area, invalid if the price breaks low ($ 1187 / oz). Key support is $ 1187 / oz If it breaks low then it will move to the first and second weekly support area.
Weekly Pivot:
R4 1273.12
R3 1248.06
R2 1223.00
R1 1208.30
Pivot 1197.94
S1 1183.24
S2 1172.87
S3 1147.81
S4 1122.75
Option:
-The price movement in a week can be used as a reference to take positions in daily opportunities
Weekly Pivot:
R4 1273.12
R3 1248.06
R2 1223.00
R1 1208.30
Pivot 1197.94
S1 1183.24
S2 1172.87
S3 1147.81
S4 1122.75
Option:
-The price movement in a week can be used as a reference to take positions in daily opportunities
Note
possible movement this week
Note
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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.
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.