GOLD: GOLD halted its weakness the past week to create scope for more upside. On the upside, resistance is seen at the 1,318.30 level where a violation will aim at the 1,331.36 level. Above here if seen will trigger further gains towards the 1,342.00 level followed by the 1,388.00 level. A close above here will open the door for the resumption of its long term upside towards the 1,400.00 level. Conversely, support comes in at the 1,277.58 level with a turn below here targeting the 1,250.00 level followed by the 1,230.00 level. All in all, GOLD remains biased to the downside short term though triggering a recovery.
GOLD: GOLD halted its weakness the past week to create scope for more upside. On the upside, resistance is seen at the 1,318.30 level where a violation will aim at the 1,331.36 level. Above here if seen will trigger further gains towards the 1,342.00 level followed by the 1,388.00 level. A close above here will open the door for the resumption of its long term upside towards the 1,400.00 level. Conversely, support comes in at the 1,277.58 level with a turn below here targeting the 1,250.00 level followed by the 1,230.00 level. All in all, GOLD remains biased to the downside short term though triggering a recovery.
GET THE FULL ANALYSIS WITH 4-15 TRADE ALERTS DAILY
UNPARALLELED ANALYSIS covering EURUSD, GBPUSD, USDJPY, AUDUSD, EURJPY, EURGBP, USDCAD, USDCHF, GBPJPY, EURCHF and 5 Commodities Daily.GET YOUR ANALYSIS & TRADE ALERTS
Related Posts: