By rebounding, Gold has set up a short term trading range. This report gives you the parameters to watch.
Gold’s outlook would darken if certain benchmark levels do not hold.
Gold is just above a support level that holds the key to whether a benign consolidation or the beginning of a new downleg unfolds from here.
Gold must hold above a key benchmark to keep the uptrend intact.
Gold has established short term support and resistance areas that define a new trading range which must be broken before a new up or down swing can get under way.
Gold has done what it has to do to prevent a break of the uptrend, but what must happen next?
Gold fell sharply to break longer term support lines and reach critical short term support.
The price fell briefly below the long term downtrend line now at 1307 and is hovering at that level this morning. There’s also short term uptrend channel support just below at 1300. If it stays above that, then the drop was just a vicious shakeout within the uptrend. But what would be the implications if…
Gold is getting slammed this morning raising some key technical issues. Here are the benchmarks to watch.
Gold slipped late yesterday after what looked like a sure breakout, leaving the breakout in doubt.