You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
GOLD: Risk Remains Lower Despite Recovery Attempts
GOLD: Although a marginal higher close occurred the past week, GOLD continues to retain its broader downside pressure. On the upside, resistance resides at the 1,219.98 level where a break will aim at the 1,230.00 level, its key psycho level. A violation of here will turn attention to the 1,250.00 level followed by the 1,180.00 level. A cut through this level will extend gains towards the 1,300.00 level. On the downside, support comes in at the 1,200 level where a break will aim at the 1,180.00 level. Below here if seen could trigger further downside towards the 1,160.00 level where a break will aim at the 1,140.00 level. All in all, GOLD remains biased to the upside on corrective recovery.