Gold Price Started A Fresh Increase From The $1,837 Low

Gold price remained in a broad range above the $1,820 support against the US Dollar. Recently, the price started a fresh increase from the $1,837 low and climbed above $1,850.


The price even traded above $1,855, but it seems to be facing a major resistance near $1,860. There is also a key bearish trend line forming with resistance near $1,862 on the hourly chart.


The 50 hourly simple moving average is also near the $1,862 level to act as a major hurdle. If the price breaks the trend line resistance, there are high chances of a move towards the $1,875 and $1,880 resistance levels.

Conversely, the price might decline back below $1,840 on FXOpen. Initial support is near the $1,835 level. The main support is still near $1,820, below which the gold price might dive towards $1,800.

0 views0 comments

Recent Posts

See All

Credit 

Caution:

Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.

PayPal

Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with Wix.com