December 04, 2019
Spot gold may rise to $1492 per ounce, a next resistance.
Gold already cleared resistance at $1478, which is 38.2% projection level of a downward wave from $1515. Gold likely to bounce to next resistance level $1492.
On daily chart, gold bounce may end at $1488, the 23.6% retracement of the uptrend from $1265.90 to $1557.
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