December 06, 2019
$1471 per ounce is support for spot gold, break below may cause fall towards $1455, as suggested by wave pattern and Fibonacci projection analysis.
Gold facing resistance at around $1488, the 23.6% retracement of uptrend from $1266 to $1557. If this resistance is not crossed, gold may fall towards $1455 or $1445.
Downtrend from $1515 could have resumed and it can continue up to $1417.
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