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Gold intraday: the upside prevails as long as 1929.50 is support
2023-09-18
964
1929.50 is our pivot point.
Our preference: the upside prevails as long as 1929.50 is support.
Alternative scenario: the downside breakout of 1929.50 would call for 1924.50 and 1922.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Gold is trading above both its 20 and 50 period moving average (respectively at 1929.10 and 1927.30).
Supports and resistances:
1948.00 **
1945.00 *
1942.00 **
1939.50
1933.70 last
1931.50
1929.50 **
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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