The metal jumped to the highest in five months, also crossed the key upside hurdles near $1,832-34.
On these last, the 20 SMA is extending its advance beyond the longer ones, reflecting the increased buying interest.
Gold is extremely overbought also in the near term. The Momentum indicator has lost its bullish strength, modestly retreating from its daily peak. At the same time a bullish 20 SMA, provided intraday support, currently at 1,825.75.
Support levels: 1,844.30 1,833.95 1,819.30
Resistance levels: 1,868.54 1,883.00 1,895.20
On these last, the 20 SMA is extending its advance beyond the longer ones, reflecting the increased buying interest.
Gold is extremely overbought also in the near term. The Momentum indicator has lost its bullish strength, modestly retreating from its daily peak. At the same time a bullish 20 SMA, provided intraday support, currently at 1,825.75.
Support levels: 1,844.30 1,833.95 1,819.30
Resistance levels: 1,868.54 1,883.00 1,895.20