30.12.201918:10 Forex Analysis & Reviews: Gold 12.30.2019 - Multi pivot reistance at the price of $1.515 on the test

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Gold has been trading upwards in the recent few days. I found that that Gold is at the main multi-pivot resistance at the price of $1.515 and that you should watch for the reaction around this main resistance.

In case of the further upside breakout, the next upward target would be at $1.534.

In case of the stronger rejection of the main resistance at $1.515, downside target might be set at $1.495.

MACD oscillator is showing decreasing on the last upside movement and potential for the downside correction.

Yellow rectangle – Multi pivot resistance

Resistance level is seen at the price of $1.515

Support levels are set at the price of $1.508 and at the price of $1.495

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