I want to share with you information on support levels for gold quotes. According to my calculations, there were several levels:
Support 1 - 1987.
Support 2 - 1965.
Support 3 - 1955.
It may well turn out that we will still have the opportunity to make a sell transaction since there is still room for movement to the lowest support. I should note that an analysis of the option level according to CME data shows the presence of relatively strong support at the level of 1960. Taking this into account, I assume that the current decline will end there, in the area of 1960-1955.
Support 1 - 1987.
Support 2 - 1965.
Support 3 - 1955.
It may well turn out that we will still have the opportunity to make a sell transaction since there is still room for movement to the lowest support. I should note that an analysis of the option level according to CME data shows the presence of relatively strong support at the level of 1960. Taking this into account, I assume that the current decline will end there, in the area of 1960-1955.
Comment:
Another support level has appeared at 1931.70.