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
Breaking news

UK's Boris Johnson Set to Resign as Prime Minister

Gold Price Breakout; Trouble Starts at 1187

Gold Price Breakout; Trouble Starts at 1187

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

Gold Price Breakout; Trouble Starts at 1187

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Gold has rallied from a 9 year trendline. 1150-1175 is a big test for this rally.”

-“Resistance influenced near 1150. Watch for support now at 1107.25.” Support came in just below 1107.25 (low was 1104.50) and price has broken resistance and the push above resistance on the daily indicates an important behavior change. Look towards 1187-1207.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

DISCLOSURES