Gold Weekly Overview

Gold opened last week on a rise at the price of 1984, it recorded its highest price at 2009, lowest price at 1934, and closed the week at the price of 1978.

We expect this week from the gold to break the $2000 per ounce area again and in the event of stability above this price, gold will take new price areas, below upcoming Resistances and Supports:

  1. Resistances:
    • First Resistance: 2019
    • The second resistance: 2065
    • The third resistance: 2137
  1. Supports:
    • The first support: 1901
    • The second support: 1829
    • Third support: 1783

Our Main Pivot Point for these areas is 1947. In the case of a breach at this point we will have to reanalyze the Gold Moves.

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