Our pivot point is at 1750.50.
Our preference: the upside prevails as long as 1750.50 is support.
Alternative scenario: the downside breakout of 1750.50 would call for 1745 and 1741.50.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1751.90 and 1754.20).
Supports and resistances:
1771.50 **
1768.50 *
1765.00 **
1761.50
1754.93 last
1752.50
1750.50 **
1745.00 *
1741.50 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-25-2022 at 20:19 UTC+1
Price reference: 1754.93 last known on 11-25-2022 at 20:19 UTC+1
Investment horizon: INTRADAY
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