The price of gold rose slightly on Friday due to concerns about a global recession caused by the coronavirus, despite the fact that central banks continue to introduce stimulus measures.
GOLD/USD, 30 min
Pivot: 1720.61
The price of gold rose slightly on Friday due to concerns about a global recession caused by the coronavirus, despite the fact that central banks continue to introduce stimulus measures.
Pivot: 1720.61
Provided that the price is below 1727.95, please follow these recommendations:
In case of breakout of the level 1727.95and 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 |
1747.00 | 1715.00 |
1739.00 | 1709.00 |
1727.95 | 1700.00 |
Pivot: 1722.00
As long as the price is above 1645.00, please follow these recommendations:
In case of breakout of the level 1645.00 follow the recommendations below:
RSI shows an upward trend in the medium term.
Resistance | Support |
1850.00 | 1645.00 |
1835.00 | 1610.00 |
1790.00 | 1575.00 |
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