Gold: Outlook for Gold remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level. Below here if seen could trigger further downside pressure targeting the 1115.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 1190.00 level where a break will aim at the 1200.00 level. A turn above there will expose the 1215.00 level. A violation of here will turn attention to the 1230.00 level. All in all, Gold remains biased to the downside on pullbacks
Top Finance
Search
New Posts
U.S. New Home Market Shrinks Again In February 2024
Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts
EUR/JPY Forecast: Euro Pulls Back Against Yen Via Jawboning
Elliott Wave Technical Analysis: Australian Dollar/Japanese Yen – Thursday, March 28
The Reserve Bank Of South Africa Kept The Rate At 8.25%
Leave A Comment