The price of Gold is opening the week higher, with prices now advancing for the fourth consecutive session. Currently Gold is trading over short-term resistance at $1,330.47, which is represented in the graph below at the R4 pivot. Traders looking for potential bullish intraday targets may extrapolate a 1X extension of today’s pivot range. This places initial bullish breakout targets near $1,334.21.
- Gold Prices Trade Higher For the Fourth Session
- Bullish Gold Breakouts are Signaled Over $1,330.47
Traders watching for a bearish reversal in today’s trading should continue to monitor the R4 pivot. If Gold prices drop below this value, it opens the commodity to trader towards values of support. For today, that includes the S3 pivot at $1,324.87 and the S4 pivot at $1,323.07. A move to either of these values should be considered significant as Gold would be trading lower on the day, and potentially concluding its current bullish momentum.
https://www.dailyfx.com/forex/educa...d-Prices-Trade-Higher-for-Fourth-Session.html
Gold Prices Trade Higher For the Fourth Session Bullish Gold...
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $27.33K | 2.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4737266 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 674741 | 2 |
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| Last trade - 15.43pm 15/11/2024 (20 minute delay) ? |
| WWI (ASX) Chart |
