![GOLD: End Of Week Technicals - 909.69 level as the next bearish target GOLD: End Of Week Technicals - 909.69 level as the next bearish target](https://c.mql5.com/6/701/splash-655069-1447871686.jpg)
GOLD: End Of Week Technicals - 909.69 level as the next bearish target
20 November 2015, 06:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
0
1 397
Weekly price
is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish market condition:
- The price is breaking 1074.07 support level on open weekly bar for 909.69 level as the next bearish target.
- 100 SMA is below 200 SMA for the bearish trend to be continuing.
- Descending triangle pattern is going to be broken by the price to below for the good possible bearish breakdown.
- The nearest support levels for the pair are 1074.07 and 0.6907.
- The nearest resistance levels for the pair are 1191.48 and 1355.85.
Resistance | Support |
---|---|
1191.48 | 1074.07 |
1355.85 | 909.69 |
SUMMARY : bearish