Gold has been consolidating between 1086.04 and 1050.46, after a long slide, where an unfinished double bottom can be noticed. Gold will have 1125.39 as an objective, should it BREAKOUT 1086.04, with 1105.13 as a primary objective.
In the meantime, Gold is around a major support zone, highlighted on the chart. It has 1073.33 as support, which breaking out will send it south, back to 1066.07. Gold has 1086.04 as an objective as long as the market remains bullish, with 1073.33 as a support level.
The daily Pivot Point is around 1074.51. The daily support levels are around 1067.45 and 1056.68. The daily resistance levels are around 1085.28 and 1092.34.
In the meantime, Gold is around a major support zone, highlighted on the chart. It has 1073.33 as support, which breaking out will send it south, back to 1066.07. Gold has 1086.04 as an objective as long as the market remains bullish, with 1073.33 as a support level.
The daily Pivot Point is around 1074.51. The daily support levels are around 1067.45 and 1056.68. The daily resistance levels are around 1085.28 and 1092.34.
