Feedback Form
35 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Gold Might be Due for a Corrective Rally as it Nears Support

posted by Avatar FXTimes 401 days ago in Technical, Daily, Gold made popular 401 days ago

As risk aversion boosts the USD, XAU/USD or gold has been sliding sharply from a central pivot of 1666.50 to the current 1555 area. As the market falls sharply, we should remember that gold has been trading in a range roughly between 1802 resistance and 1522 support. To the left of the daily chart, we would have seen a support pivot of 1531.72...
Log in to comment or register here.