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Chartista_com
Dec 15, 2019 7:02 PM

Gold Could Test 1515 Key Level  Long

GOLD (US$/OZ)TVC

Description

Gold is in 1450 - 1515 range,
after 4 weeks of testing the support line it looks that is going into the 1515 direction,
stoch RSI is very low on weekly, (GOOD signal for buy position)
MACD going less bearish, (GOOD signal for buy position)

also price is supported by 22 EMA (orange line)

Also there is a little resistance in the 1480 level (on daily chart). ((BAD signal for buy position))

Let's see how gold opens on monday

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Comments
RangeTrades
Seems 1490 is a very strong resistance regardless of support at 1450-60. Unless Gold gets a strong catalyst to break up the resistance the only way is down.
RangeTrades
Down to re-test 1440.
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