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
Search results
No entries matching your query were found.
English Français 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
EUR/USD Latest – Ranging Ahead of Next Week’s US Data and FOMC Minutes
2022-05-20 10:20:00
Rising Rates and Volatility are Features, Not Bugs: Top Trade Opportunities
2022-05-20 08:00:00
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Crude Oil Forecast Relegated to Volatile Range Until Either 115 or 100 Breaks
2022-05-21 02:00:00
Crude Oil Technical Outlook: WTI Leaves Behind Bearish Warning Sign, More Pain Next?
2022-05-19 03:30:00
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
S&P 500, Nasdaq, Dow Technical Forecast: Seven-Week Slide Eyes Support
2022-05-20 14:00:00
How to Research Stocks: A Step by Step Guide
2022-05-20 01:00:00
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Gold Price Rebound May Fail as Top Central Bankers Sound Off
2022-05-22 00:00:00
Gold (XAU/USD) Rises on Lower Yields, Softer USD and Recession Risks
2022-05-20 08:30:00
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
British Pound Forecast: GBP/USD Rallies on Positive UK Data, US Dollar Weakness
2022-05-20 16:00:00
Monthly Forex Seasonality – May 2022: Typically a Good Month for USD
2022-05-19 20:00:00
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
News
Japanese Yen Outlook: USD/JPY May Head Lower if US Yields Continue to Retreat
2022-05-20 15:05:00
Swiss Franc Boost Continues After Hawkish Turn from SNB While US Dollar Sinks
2022-05-20 05:00:00
More View more
Gold Trendline Resistance Near 1680

Gold Trendline Resistance Near 1680

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Trendline Resistance Near 1680

Prepared by Jamie Saettele, CMT

I wrote yesterday that “gold dropped below 1630 on Friday, albeit in a spike. Violation of a level in a spike is difficult to trust so the bear trap potential remains.” The metal traded to a new high today and focus is now on trendline resistance at about 1680 on Wednesday. 163190 now serves as the pivot.

Bottom Line – short against 1685, target new lows

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

DISCLOSURES

Related Articles

Gold Prices – Long Term Contraction Continues
Gold Prices – Long Term Contraction Continues
2019-05-03 14:48:00
Elliott Wave Forecast for Gold & Silver Hints at a Shiny Future
Elliott Wave Forecast for Gold & Silver Hints at a Shiny Future
2018-08-31 01:43:00
Elliott Wave Forecast for Gold, Silver, and Yen Paint Bullish USD Picture
Elliott Wave Forecast for Gold, Silver, and Yen Paint Bullish USD Picture
2018-02-19 20:10:00
Gold Prices Hit 17 Month High; What Does the Wave Analysis Forecast?
Gold Prices Hit 17 Month High; What Does the Wave Analysis Forecast?
2018-01-25 21:31:00
Advertisement

Rates

Gold
Mixed