Gold Price Rebounds Ahead of 50-Day SMA to Eye Monthly High
The price of gold appears to have reversed ahead of the 50-Day SMA ($1927) as it extends the recent series of higher highs and lows to register a fresh weekly high ($1988).
Gold Price Outlook
The price of gold climbs above the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region to approach the monthly high ($2004), with a breach above the October high ($2009) raising the scope for a move towards $2018 (61.8% Fibonacci extension).
Next area of interest comes in around $2076 (78.6% Fibonacci extension), but failure to clear the monthly high ($2004) may curb the bullish price action in gold, with a move below $1937 (38.2% Fibonacci extension) bringing the November low ($1932) on the radar.
Gold Price Outlook
The price of gold climbs above the $1973 (78.6% Fibonacci retracement) to $1977 (50% Fibonacci extension) region to approach the monthly high ($2004), with a breach above the October high ($2009) raising the scope for a move towards $2018 (61.8% Fibonacci extension).
Next area of interest comes in around $2076 (78.6% Fibonacci extension), but failure to clear the monthly high ($2004) may curb the bullish price action in gold, with a move below $1937 (38.2% Fibonacci extension) bringing the November low ($1932) on the radar.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.