Risk
aversion seems to have come back into the markets and that is probably why gold
has gone back up for today. On the daily chart we can see that the high around
the 1113 could act as resistance, but it the price breaks above that level,
then it may try to go and visit the 200 day EMA, around the 1128 level, blue
line. The 55 day EMA, purple line, may act as a support, but below that zone,
the low at the 1071 could also act as a support.
Good point. I'll keep a close eye on it.
ReplyDeleteImportant information, will keep it in mind!
ReplyDeleteVery useful information! Thanks.
ReplyDeleteIt's currently testing the resistance at 1117, but it will probably break above it and continue rising.
ReplyDeleteThanks for the analysis, will be watchful on these levels.
ReplyDeleteGold continue to push higher.
ReplyDeleteIndeed interesting analysis.
ReplyDeleteGood post, thank you.
ReplyDelete