Gold Spot Face Crucial Hurdle at $1805 | Gold Silver Reports

Gold Spot

Gold Spot support and hurdle : The Technical Confluences Indicator shows that gold has managed to recover ground above the powerful resistance now support at $1781, which is the intersection of the Fibonacci 38.2% one-day, SMA5 four-hour and pivot point one-week S2.

Read moreGold Spot Face Crucial Hurdle at $1805 | Gold Silver Reports

Gold Spot Face Crucial Hurdle at $1805 | Gold Silver Reports via @goldsilverrepor

Gold Technical Outlook : Below $1807 Don’t Buy Gold, Big Downside Expected

Gold Prices

Gold Technical Outlook Report : The Gold Relative Strength Index (RSI) indicator is moving sideways around 50, confirming gold indecisiveness in the near-term. Additionally, the pair is fluctuating between the Fibonacci 38.2% and 50% retracement levels of the six-day-long uptrend witnessed earlier in the month. 

Read moreGold Technical Outlook : Below $1807 Don’t Buy Gold, Big Downside Expected

Gold Technical Outlook : Below $1807 Don’t Buy Gold, Big Downside Expected via @goldsilverrepor