Identified : 27 November 2019
Our pivot point stands at : 7137
Our preference : the downside prevails as long as 7137 is resistance.
Alternative scenario : the upside breakout of 7137, would call for 7233 and 7290.
Supports and resistances :
7061 – Last
Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7124 and 7135).
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Note : This information isn’t a buy-sell signal. Please use this information for your trade guideline.
Technical Analysis: 08/07/2019 – Gold develops in consolidation area; indicators signal bullish move