Our pivot point stands at 1995.50.
Our preference: as long as 1995.50 is support look for 2027.
Alternative scenario: the downside breakout of 1995.50 would call for 1984 and 1977.50.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Gold is above its 20 and 50 period moving average (respectively at 2004.60 and 2000.60).
Supports and resistances:
2040.50 **
2033.50 *
2027.00 **
2020.00
2005.76 last
2000.50
1995.50 **
1984.00 *
1977.50 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-18-2023 at 21:31 UTC+1
Price reference: 2005.76 last known on 04-18-2023 at 21:31 UTC+1
Investment horizon: INTRADAY
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