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Gold is approaching support, potential bounce

Oleh Tickmill
Broker

Prices are facing bullish pressure from our first support in line with our graphical support area, ascending trend line and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.


Chart PatternsGoldgoldlonggoldshortHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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