Nov 8, 2019
Gold technical analysis: Yellow metal ends the week on its lows, sub-$1480/oz
Gold daily chart
The market is retracing down below the 50 and 100 DSMAs. A break below 1455.50 swing low could open the doors to further losses towards the 1400 handle.
Alternatively, if the buyers can support the market, Gold could revisit 1480 and the 1500 level. A break above the 1520/1555 resistance can lead to a resumption of the uptrend.
Additional key levels