Gold price correction / PP & FVL Analysis As I write this ( 10:12 pm, Vancouver time ) , Au is starting to correct. I see this as healthy so it can use recent gains to establish a new base...Re the PP: I've seen some comments that it should close this week - I agree that this would be best. Other financings have taken approx. 3 weeks so hopefully there will be an update sooner rather than later
See below for items rekated to FVL. Per usual, data is not my own and shared here for general info purposes only
GLTAL
Projection Effective Date: Jul 28th, 2020
Support/Resistance Levels | Price | Key Turning Points |
14 Day RSI at 80% | 2.26 | |
1-Month High | 1.90 | |
13-Week High | 1.90 | |
52-Week High | 1.90 | |
| 1.79 | 3-10 Day MACD Oscillator Stalls |
Pivot Point 2nd Level Resistance | 1.76 | |
14 Day RSI at 70% | 1.74 | |
| 1.74 | 14-3 Day Raw Stochastic at 80% |
Pivot Point 1st Resistance Point | 1.73 | |
High | 1.72 | High |
| 1.71 | 14 Day %d Stochastic Stalls |
Last | 1.70 | Last |
| 1.69 | Pivot Point |
| 1.66 | 14-3 Day Raw Stochastic at 70% |
Pivot Point 1st Support Point | 1.66 | |
Low | 1.65 | Low |
| 1.64 | Price Crosses 9 Day Moving Average |
Pivot Point 2nd Support Point | 1.62 | |
| 1.60 | 38.2% Retracement From 4 Week High |
| 1.58 | 3-10-16 Day MACD Moving Average Stalls |