Main Quotes Calendar Forum
flag

FX.co ★ Gold 11.29.2019 - Rejection of the main Fibonacci confluence resistance at $1.458, downside in play

parent
Forex Analysis:::2019-11-29T13:55:03

Gold 11.29.2019 - Rejection of the main Fibonacci confluence resistance at $1.458, downside in play

Gold did another rejection of our main multi-pivot resistance and Fibonacci confluence at $1.458, which is sign that there is still space for more downside movement and eventual test of $1.448.

Gold 11.29.2019 - Rejection of the main Fibonacci confluence resistance at $1.458, downside in play

Stochastic oscillator showed fresh new bear cross, which is good sign that sellers are still present and that selling opportunities are preferable.

Support levels are seen at the price of $1.448 $ and $1.441. Resistance level is set at $1.458, $1.460 and $1.462.

My advice is to watch for selling opportunities as long as the Gold is trading below the $1.462.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...