What are the support and resistance levels for gold?
Using classic floor-trader pivots from the recent range, gold has support at NT$171,612 and NT$165,214, and resistance at NT$181,591 and NT$185,171, around a pivot of NT$175,192 per tael.
The detail
Pivot levels are arithmetic on the recent high, low and close — not predictions. They are useful mainly because many traders compute the same numbers, which can make them briefly self-fulfilling.
A level "holding" or "breaking" is only meaningful in hindsight. Treat these as reference points on a chart, not as thresholds that will be respected.
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