Price started to rebound after touching the support @ 1860 last Fri, reached the daily high of 1878 in the US session. Without any major break through, we can continue to take advantage of the M-T 1860-1898 range. A S-T support line (1) has formed in the past 48 hours. Short-Term resistance is now at 1880-83 area. S-T Resistance: 1880-83 / 1893 S-T Support:...
Gold price continued to rebound last Friday, reaching the 38.2% retracement @ 1896. A softer dollar and mounting coronavirus cases around the world has provided support for gold. Key resistance is now at 1898-1900 level. At the same time, the price is currently running higher along with the S-T support trend line. If the the support of this trend line is...