News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Gold Finds Support Above Recent Low

Gold Finds Support Above Recent Low

Thomas Long, Course Instructor

Like the US stock market, the gold market has pulled back off of the highs, found support and now appears to be moving back to the upside. This 4-hour chart of gold shows that the reversal back to the upside printed above the 1314.95 support level. A break of that price level could open the door to more selling pressure which could mean a decent sell off in a market like this one which has moved up to highs many traders thought they would never see.

Gold_body_72514d1290098600-chart-day-gold-1118.png, Gold Finds Support Above Recent Low

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES