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Gold intraday: the downside prevails as long as 1936 is resistance
2023-09-20
974
1936.00 is our pivot point.
Our preference: the downside prevails as long as 1936 is resistance.
Alternative scenario: above 1936, look for 1940.50 and 1943.50.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Gold is trading under both its 20 and 50 period moving average (respectively at 1933.50 and 1933.20).
Supports and resistances:
1943.50 **
1940.50 *
1936.00 **
1934.00
1932.10 last
1926.50
1923.50 **
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