The price of gold ended Good Friday at around $1,684, consolidating its gains as the effect of the Federal Reserve's latest $2.3 trillion loan schemes underpinned XAU/USD. How is the precious metal positioned ahead of the next week?
The Technical Confluences Indicator is showing that gold has an initial soft target of $1,690, which is the convergence of the previous day's high and the Bollinger Band 15min-Upper.
The upside target is $1,703, which is a dense cluster of technical levels, including the Pivot Point one-day Resistance 1, the PP one-month R1, and the highest level since 2013.
Noteworthy support awaits at $1,679, which is the meeting point of the Fibonacci 23.6% one-day and the BB 15min-Lower=====


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics