Technical Analysis
Gold
GOLD (Spot) intraday: Rebound
Pivot: 927.20
Our Preference: LONG positions @ 930
with targets @ 942 & 951.
Alternative scenario: The downside
penetration of 927.2 will call for 917.8 &
913.
Comment: the 300-min RSI validated a
bullish divergence. The price escaped
from its bearish channel. Key intraday
resistance level @ 942.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
960** Horizontal resistance
951** Horizontal resistance
942*** Horizontal resistance
935 Last
927.2** Intraday pivot point
917.8** Intraday support
913*** Fib retracement (61.8%)
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