Gold 
GOLD primary trend is still bullish despite the current reaction (-6%), with price at 4.144 $/Oz. Since the beginning of November Gold seem to be building a wedge around the 4.050 support area, while the volatility is lowering and momentum is neutral.
For the next few days we expect gold price to continue narrowing inside the 4.275 (resistance) - 4.050 (support) channel, remaining on the bull side for the long run.
If gold were to drop blow 4.050 then the next support area would be at 3.750.
GOLD primary trend is still bullish despite the current reaction (-6%), with price at 4.144 $/Oz. Since the beginning of November Gold seem to be building a wedge around the 4.050 support area, while the volatility is lowering and momentum is neutral.For the next few days we expect gold price to continue narrowing inside the 4.275 (resistance) - 4.050 (support) channel, remaining on the bull side for the long run.
If gold were to drop blow 4.050 then the next support area would be at 3.750.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.