Gold: Having halted its broader weakness on a long-tailed candle formation on Thursday, Gold looks to build up on its corrective pressure. While the commodity holds and trades above the 1046.30 level, recovery threat is expected. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level. A turn above there will expose the 1090.00 level. Further out, resistance stands at the 1100.00 level. On the downside, support comes in at the 1050.00 level where a break will turn attention to the 1040.00 level. Further down, a cut through here will open the door for a move lower towards the 1030.00 level. Below here if seen could trigger further downside pressure targeting the 1020.00 level. All in all, Gold looks to build up on its corrective pressure triggered from 1046.30.
Top Entertainment
Search
New Posts
Want to see butterflies in your backyard? Try doing less yardwork
A hidden danger lurks beneath Yellowstone
Why fuzzy definitions are a problem in the social sciences
Louis Pasteur’s devotion to truth transformed what we know about health and disease
A new book asks: What makes humans call some animals pests?
Leave A Comment