3:29 PM · 12 November 2020

🥇 Gold holds the key support line

Gold prices did not take the “vaccine news” lightly – indeed they tumbled quite hard declining nearly $100/oz and having many traders think – is the Gold rally over? While it’s true that a successful vaccine could take some safe haven allure away, the major driver – negative real interest rates, is here to stay. Technically Gold prices cracked through the 150sma but held the pivotal $1850 support. Furthermore, seasonality for incoming weeks looks fairly bright.

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30 December 2025, 9:29 AM

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Commodities
Technical analysis

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