• PLATINUM $872.259
  • SILVER $24.62
  • GOLD $1901.99

Resistance $1466 still intact


December 10, 2019

Spot gold trading near to resistance $1466 per ounce. Support is at $1455, a break below may lead gold to touch $1440.

November 12 bounce from $1445 seems completed, as confirmed by the deep fall from December 4 from high $1484. This movement can travel to $1417.

Gold could lead to gain to $1478, if cross resistance $1466. On daily chart, overall movement remain bearish, which suggests a lower target at $1417. This target will be confirmed when gold breaks #1445, the 38.2% retracement on the uptrend from $1266 to $1557.

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