The price of gold fell to an almost nine-month low on Friday as higher bond yields and a strong dollar continued to reduce the appeal of the precious metal. Hopes that the U.S. Federal Reserve will take steps to curb rising yields also declined.
Pivot: 1702.00
Provided that the price is above 1696.00, follow these recommendations:
In case of breakdown of the level 1696.00, follow the recommendations below:
RSI shows an uptrend within a day.
Resistance Support
1732.00 1696.00
1723.00 1686.00
1714.00 1676.00
Pivot: 1711.00
Provided that the price is below 1780.00, follow these recommendations:
In case of breakout of the level 1780.00, follow the recommendations below:
RSI shows a downtrend in the medium term.
Resistance Support
1850.00 1670.00
1820.00 1610.00
1780.00 1570.00