Our pivot point stands at 1969.50.
Our preference: short term rebound towards 2009.00.
Alternative scenario: the downside breakout of 1969.50 would call for 1954.50 and 1946.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Gold is trading under both its 20 and 50 period moving average (respectively at 1986.40 and 1994.50).
Supports and resistances:
2026.50 **
2017.50 *
2009.00 **
2000.00
1981.62 last
1975.50
1969.50 **
1954.50 *
1946.00 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-11-2023 at 21:14 UTC+1
Price reference: 1981.62 last known on 12-11-2023 at 21:14 UTC+1
Investment horizon: INTRADAY
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