FXAutomate

Where to next for Gold

TVC:GOLD   CFDs on Gold (US$ / OZ)
After an initial break from long term diagonal resistance gold was aggressively sold-off back to the Daily 200 SMA around 1830. Proper support does still lie slightly lower @ 1810 meaning the sell-off might still see another leg down, In the event of a pullback, resistance @ 1880 will likely be the key level. The breakout target remains around major resistance @ 2075

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.