FX.co ★ Gold 11.29.2019 - Rejection of the main Fibonacci confluence resistance at $1.458, downside in play

Gold did another rejection of our main multi-pivot resistance and Fibonacci confluence at $1.458, which is sign that there is still space for more downside movement and eventual test of $1.448.

Stochastic oscillator showed fresh new bear cross, which is good sign that sellers are still present and that selling opportunities are preferable.

Support levels are seen at the price of $1.448 $ and $1.441. Resistance level is set at $1.458, $1.460 and $1.462.

My advice is to watch for selling opportunities as long as the Gold is trading below the $1.462.