• PLATINUM $873.424
  • SILVER $24.57
  • GOLD $1899.94

Support of spot gold is at $1471


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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