The Technical Confluence Detector shows that the gold price is eyeing a sustained break above the previous day’s high at $1,850 on its renewed upside.
The next relevant stop for Gold bulls is seen at the pivot point one-week R2 at $1,855, above which a fresh rally toward the pivot point one-day R2 at $1,863 cannot be ruled out.
Alternatively, the Fibonacci 23.6% at $1,843 is lending immediate support to Gold buyers. Failure to defend the latter will expose the next downside cap at around $1,849, where the Fibonacci 38.2% one-day meets with the pivot point one-week R1 the previous high four-hour.
Powerful support aligns at around $1,834, which is the intersection of the previous week’s high and the previous month’s high of $1,833. That level also coincides with the Fibonacci 61.8% one-day, making it a tough nut to crack for Gold bears.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发