London Gold - Gold in a sideways struggle

Gold prices in a sideways struggle

From the technical chart, it can be seen that both the RSI and the Stochastic Index have just initially recovered from the oversold area, and the price of gold is expected to rise again. The current resistance will first pay attention to the 25-day moving average at 1841, and the next level will continue to focus on the 50-day moving average at 1856. After the price of gold fell below this indicator in April, it has been subject to this indicator, so the market outlook can rise above this area, or see the price of gold to organize a new round of uptrend. As for the nearest support to 1815, the key continuation will pay attention to the $1800 mark.

SPDR Gold Trust Gold holdings:
June 20 – 1,075.54 tons
June 21 – 1,073.80 tons
June 22 – 1,071.77 tons
June 23 – 1,063.07 tons
June 24 – 1,061.04 tons
June 27 – 1,056.40 tons
June 28 – 1,054.37 tons
June 29 – 1,052.63 tons

Fixing price on the morning of June 29: 1811.85
Fixing price on the afternoon of June 29: 1817.75

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