Gold analysis
Gold is getting massive support form the range of $1.862,49 to $1.848,49, incl. the 78,6% Fibonacci level.
If the support holds, the next major resistance is the downtrend and 50-periods exponential moving average at $1.895-ish.
Else the next level of support would be $1.765,00 following the downtrend as “support”
The relative strength index will be forced to break either up or down latest mid December. It will most likely set the direction.
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