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Gold intraday: the downside prevails as long as 1986 is resistance


1986.00 is our pivot point.

Our preference: the downside prevails as long as 1986 is resistance.

Alternative scenario: above 1986, look for 2002.50 and 2012.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 1976.70 and 1976.10).

Supports and resistances:

2012.00 **

2002.50 *

1986.00 **


1972.77 last


1942.50 **

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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