Gold key support levels
Gold fell last week (XAU -1.3%, LBMA -0.8%) as the US dollar strengthened to 2-yr highs. Gold moved back to the $1,500 level and is breaking that level this morning; a sign of a potential bearish head-and-shoulders break and move below the 50-day moving average. Gold Analysis | Gold Technical Analysis | Spot Gold ... Gold price decline stopped at the key support 1571.20, which represents the main bullish channel’s support line that meets 50% Fibonacci correction level, noticing that stochastic continues to End of day analysis for Gold 31-03-2020