December 09, 2019
Spot gold may test support at $1455 per ounce, a break below could cause fall up to $1440 or $1417.
$1455 support is 61.8% projection level of a movement from $1515.40. This movement was disrupted by a strong bounce from $1445 on Nov 12.
Resistance is at $1466, a break above may lead to gain up to $1478. On daily chart, gold failed to break resistance at $1488, which suggest lower target of $1445 or $1417.
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