• PLATINUM $846.65
  • SILVER $23.63
  • GOLD $1878.37

Spot gold may visit $1615


February 25, 2020

Spot gold trading near support at $1639 per ounce. Gold may fall to next support level at $1614.
The support at $1639 is identified as the 200% projection level on an uptrend from $1266. A shooting star forming around the resistance at $1684 indicates a reversal of the utrend from the Feb. 12 low of $1561.
Resistance is at $1667, a bread above which could lead to extend to $1684. Most likely gold may bounce moderately to $1669 before being reversed to $1615.

Gold Technical Analysis 25 Feb 2020

« Back to News & Reports List