Yesterday, gold recovered from the fall the day before. The market opened near day low around 1850 early in the Asian session and the price has continued to climb. At the US session, it reached the day-high near 1867. The day ended at 1867, up by USD 17.
The pattern has changed much on the 1-hour chart in the last 24 hours. The price is still maintaining its path with the wedge pattern(1). No sign of it escaping the range any time soon, can continue to take advantage of the pattern(1).
The horizontal range 1848-68(2) is still valid. As mentioned yesterday, if the price is not able to escape the range within today, it will stay within 1848-68 for another 2-3 trading days.
S-T Resistances: 1880 1875 1868
Market price: 1865
S-T Supports: 1860-62 1855 1850
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment, let us know what you think!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.