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Strong buy signal for gold. US elections creating fear in market

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bensingh

280 Posts.

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01/11/16

21:15

Post #: 20293736
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Originally posted by FXTechstrategy ↑

GOLD: Having remained vulnerable to the downside, more weakness is likely in the new week. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,280.00 level where a break will aim at the 1,290.00 level. A turn above there will expose the 1,300.00 level. Further out, resistance stands at the 1,350.00 level. All in all, GOLD looks to recover higher on correction.

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Strong buy signal for gold.
US elections creating fear in market

Price at posting: 0.0008 Sentiment: Buy Disclosure: Held
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0 Great analysis

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