in technical analysis

Gold Technical Analysis

In yesterday’s Gold report we wrote: “Are we on the cusp of something trend changing, or will the bulls rescue things once more by keeping us above 1524? We could well have the answer to this by the end of the day”.
We saw a break of 1524, and on a closing basis, so here’s what we sent …

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in technical analysis

Gold Technical Analysis

We have posted today’s Gold comment below. In European trade we have seen a hold of our key support level of 1486.9-1487.7, so the trendline is holding firm, suggesting this is a buying opportunity. We now need to see 1500 taken out…
Today’s comment, sent to our clients at 07.30am (UK time):
Gold struggled with $1500 yesterday, pretty much …

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in technical analysis

Gold Technical Analysis – Holding trend support.

Today’s Gold report from FuturesTechs focused on the trend support line that’s doing a job right now, and we switched back to a bullish stance, thinking that the market can head higher from here, making this a buying opportunity.
From yesterday: “I’m tempted to go with a green SkewBar above 1477/1480/1482 as this is a strong area of support …

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