The Technical Confluences Indicator is showing that gold has robust support at $1,909, which is the convergence of the Simple Moving Average 200-1h and the SAM 5-one-day.
Below this critical line, an additional cushion awaits at $1,903, which is where the Fibonacci 38.2% one-month and the Fibonacci 38.2% one-week meet up./p>
Looking up, resistance is at $1,925, the confluence of the 50-day SMA, and the Fibonacci 23.6% one-day.
Further above, $1,923 serves as an upside target. It is where the Bollinger Band one-day Upper and the previous week's high converge.