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Spot gold

Spot gold may retest resistance at $1,946
Markets

Spot gold may retest resistance at $1,946

  • A break below $1,930, now a support, may cause a fall to $1,915. On the daily chart, gold has broken a falling trendline and a resistance at $1,938. It is expected to rise to $1,965, the peak of a wave B.
Published 05 Jan, 2021 09:42am
Spot gold may test resistance at $1,888
Markets

Spot gold may test resistance at $1,888

  • The metal managed to stabilize around a support at $1,862, the 38.2% projection level of an upward wave c from $1,862. This wave may have completed around $1,904.
Published 24 Dec, 2020 10:04am
Spot gold may drop to $1,845
Markets

Spot gold may drop to $1,845

  • The third wave labelled c is roughly 76.4% the length of the first wave labelled a, as revealed by a projection analysis.
Published 23 Dec, 2020 09:59am
Spot gold may drop to $1,862
Markets

Spot gold may drop to $1,862

  • The bounce consists of three waves. The third wave labelled c is much shorter than the first wave labelled a, as revealed by a projection analysis.
Published 22 Dec, 2020 10:03am
Spot gold may rise to $1,930
Markets

Spot gold may rise to $1,930

  • After the moderate consolidation on Dec. 18, gold could have accumulated enough bullish momentum to rise towards $1,930.
Published 21 Dec, 2020 09:48am