Our pivot point is at 4,348.
Our preference : The upside prevails as long as 4,348 is support, with 4,439 and 4,462 as targets
Alternative scenario : below 4,348, expect 4,309 and 4,286.
Comment : the RSI is above its neutrality area at 50. The price is above its 20 and 50 period moving average (respectively at 4,375 and 4,385). The Gold is trading above its upper Bollinger band (standing at 4,390).
Supports and resistances :
4,509 **
4,486 *
4,462 **
4,439
4,391 last
4,364
4,348 **
4,309 *
4,286 **
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