The price of gold has stabilized and has gone into a deep correction on the background of traders closing long positions on all safe-haven assets and entering the cheapened stock market
GOLD/USD, 30 min
Pivot: 1563.00
The price of gold has stabilized and has gone into a deep correction on the background of traders closing long positions on all safe-haven assets and entering the cheapened stock market
Pivot: 1563.00
As long as Gold is traded above 1563.00, please follow these recommendations:
In case of breakdown of level 1563.00 follow the recommendations below:
RSI shows descending movement and indicates the downtrend.
Resistance | Support |
1597.50 | 1524.00 |
1577.00 | 1504.00 |
1563.00 | 1479.00 |
Pivot: 1549.00
As long as the price is below 1625.00, please follow these recommendations:
In case of breakdown of level 1625.00 follow the recommendations below:
RSI indicates a downward movement.
Resistance | Support |
1700.00 | 1485.00 |
1660.00 | 1445.00 |
1625.00 | 1400.00 |
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