Gold was once again rejected by 1794 yesterday in the US session and the closing price nearly unchanged from the day before. The pattern hasn't changed much in the past 24 hours, where support remains at 1770-72 level, range-bound 1770-1890 goes on in S-T.
The price was once again rejected by the 100 days MA(1) yesterday and the pullback before the market closing has created another selling signal(2) on the daily chart, with a nearly USD20 upper extension. Support stays strong at 1770-72 level so far, let see if the price can break this support at the US session today.
S-T Resistances:
1790
1785-86
1780
Market price: 1777
S-T Supports:
1772-73
1768
1760
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The price was once again rejected by the 100 days MA(1) yesterday and the pullback before the market closing has created another selling signal(2) on the daily chart, with a nearly USD20 upper extension. Support stays strong at 1770-72 level so far, let see if the price can break this support at the US session today.
S-T Resistances:
1790
1785-86
1780
Market price: 1777
S-T Supports:
1772-73
1768
1760
Please give us a thumbs up if you like our ideas. Leave us a comment and share your thoughts.
P. To
P. To
