Gold plunge 2.27% yesterday as the geo political tension rises.
Gold $XAU face rejection from the key psychological resistance price level of $4,135, after the sharp decline of almost 2.27%.
Gold found support near $4,025. At the time of writing this gold is trading near $4,070 and retesting the descending trendline.
Overall trend is still downside. The Relative Strength Index RSI is at 40 lower than the level of neutral, aiming downward indicating the bearish momentum.
Resistance: $4,140 and $4,115.
Support: $4,050, $4,025 and $3,980.
Gold $XAU face rejection from the key psychological resistance price level of $4,135, after the sharp decline of almost 2.27%.
Gold found support near $4,025. At the time of writing this gold is trading near $4,070 and retesting the descending trendline.
Overall trend is still downside. The Relative Strength Index RSI is at 40 lower than the level of neutral, aiming downward indicating the bearish momentum.
Resistance: $4,140 and $4,115.
Support: $4,050, $4,025 and $3,980.