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Gold intraday: the upside prevails as long as 1968 is support

2023-10-26
525

Our pivot point is at 1968.00.

Our preference: the upside prevails as long as 1968 is support.

Alternative scenario: the downside breakout of 1968 would call for 1951.50 and 1942.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1978.10 and 1974.80).

Supports and resistances:

2031.50 **

2021.50 *

2012.00 **

2002.00

1981.72 last

1974.50

1968.00 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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