GOLD Signals for the weekend

GOLD Our Technical Confluence Indicator shows that Gold Price creates an immediate upside barrier around the $1935-35 level, including the 61.8% Fibonacci on one day and one month, as well as the Bollinger middle band on the chart. hourly items.

Then, one-day Pivot Point R1 and one-day Pivot Point R3 could test Gold buyers near $1940 and $1948 respectively.

However, Gold buyers remain cautious unless witnessing a clear convergence break of the 23.6% Fibonacci in a week, close to $1,955, quickly followed by the 38.2% Fibonacci in the near future. a month, close to $1,958.

Meanwhile, one-day Pivot Point S1 limits the immediate drop in Gold Price near $1,930.