Popular Gold Analyst Rajan Doll shared his new analysis. Last week, the analyst emphasized that lower consolidation of $ 1,767,2/ounce was an important support level to follow. Since then, the price of the yellow metal splashed and started to rise again. However, according to Rajan Dhall, the pressure on prices is still in progress.
The price of gold has risen again! Popular Analyst Commented Markets
Gold prices have risen and delighted their investors. Famous commodity analyst and expert Rajan Doll commented on the markets. According to the analyst, it’s time to watch the market right now. According to Rajan Dhall, volume increases in lower moves have recently become more pronounced. Obviously, according to the analyst, this may change at a time, and if the price approaches the next average value area, $ 1,814/ounce, we should look at the volume.
According to Rajan Dhall, the next resistance zones are $ 1,814/ ounce area and $ 1,858.9/ ounce. The second level was a very powerful previous support from the beginning of the year. However, according to the analyst, this level had a great impact on August-September 2020 as a support level.
According to Rajan Dhall, the break of $ 1,857 is the place where the fate of Gold can change
While the market continues to make lower heights and lower bottoms, the appearance for yellow metal still tends to decrease. However, according to Rajan Dhall, a break of $ 1,857/ounce is the place where the fate of Gold can change. According to the negative side of the analyst, if the current support is broken, $ 1,676/ounce may come to the agenda.
