Gold Bull Pressure Looks To Continue

Gold bull pressure looks to continue following its recent strength. On the downside, support comes in at the 1,430.00 level where a break will turn attention to the 1,420.00 level. Further down, a cut through here will open the door for a move lower towards the 1,410.00 level. Below here if seen could trigger further downside pressure targeting the 1,400.00 level. Conversely, resistance resides at the 1,440.00 level. Further out, resistance resides at the 1,450.00 level where a break will aim at the 1,460.00 level. A turn above there will expose the 1,470.00 level. Further out, resistance stands at the 1,480.00 level. All in all, Gold eyes further strengthen in the short term.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.