Fed has left the interest rates unchanged and they will remain at this level for a while, which makes the precious metal cheaper. And in the future unprecedented monetary stimulus from ECB and Fed is likely to reduce demand for gold.
Pivot: 1687.31
Provided that the price is below 1697.00, please follow these recommendations:
In case of breakout of the level 1697.00 and the consolidation of the price above this level, follow the recommendations below:
RSI shows the possibility of a descending trend during the day.
| Resistance | Support |
| 1715.00 | 1679.00 |
| 1707.00 | 1670.00 |
| 1697.00 | 1658.00 |
Pivot: 1709.62
As long as the price is above 1645.00, please follow these recommendations:
In case of breakdown of the level 1645.00 follow the recommendations below:
RSI shows an upward trend in the medium term.
| Resistance | Support |
| 1835.00 | 1645.00 |
| 1790.00 | 1610.00 |
| 1745.00 | 1575.00 |
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