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FX.co ★ Gold 12.18.2019 - Decision pivot support at the price of $1.475 on the test

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Forex Analysis

2019-12-18T12:20:21
iconRelevance until2019-12-19

Gold 12.18.2019 - Decision pivot support at the price of $1.475 on the test

Gold has been trading downwards. The price tested and rejected of the level of 1.4176. The price is still trading sideways but the Gold is on the important pivot level.

Gold 12.18.2019 - Decision pivot support at the price of $1.475 on the test

The rejection of the upward trendline would confirm potential test of $1.480 or $1.487.

Downside breakout of the support at $1.473 would confirm test of $1.465 or $1.462.

MACD oscillator is showing neutral stance

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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