We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News Technical Analyst: Gold prices test a strong support level of $1,822 downwards

Technical Analyst: Gold prices test a strong support level of $1,822 downwards

Technical analysts believe that the international spot gold price has tested the strong support level of $1,822 downward because of its continued callback tone, which is the confluence of the 4-hour 10-period moving average and the 38.2% Fibonacci retracement level of the weekly chart.

LEO
2021-09-06
8823

Technical analysts believe that the international spot gold price has tested the strong support level of $1,822 downward because of its continued callback tone, which is the confluence of the 4-hour 10-period moving average and the 38.2% Fibonacci retracement level of the weekly chart.


The next relevant support is at the confluence of the 50-period moving average in the 1-hour chart and the 61.8% Fibonacci retracement level in the daily chart, which is $1819. After that, the bears will challenge the dense support levels near $1814, namely the 100-period moving average on the daily chart, the daily axis support level 1, and the weekly 61.8% Fibonacci retracement level.

On the other hand, a rebound in buying may push the price of gold back to the resistance zone of $1827/29, which is the 23.6% Fibonacci retracement level in the daily chart, the previous 4-hour high and the 23.6% Fibonacci retracement in the weekly chart. Dismissal.

The high of $1,832 hit last month may test the interest of the bulls. If it is higher than this level, the high of $1,834 hit in July may once again become the focus. After the break, the target will point to $1,838.

GMT+8 20:46, the international spot gold price reported US$1,823.44 per ounce, down 0.24%.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free