1846.00 is our pivot point.
Our preference: the downside prevails as long as 1846 is resistance.
Alternative scenario: the upside breakout of 1846, would call for 1852 and 1855.50.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Gold stands below its 20 and 50 period moving average (respectively at 1843.30 and 1842.90).
Supports and resistances:
1855.50 **
1852.00 *
1846.00 **
1843.50
1841.37 last
1834.50
1830.50 **
1827.00 *
1823.50 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2023 at 22:05 UTC+1
Price reference: 1841.37 last known on 02-20-2023 at 22:05 UTC+1
Investment horizon: INTRADAY
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