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.

Free Trading Guides
EUR/USD
Bearish
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
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Gold Price Showing a Little Something at 1200 Support

Gold Price Showing a Little Something at 1200 Support

2016-11-22 20:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

Gold Price Showing a Little Something at 1200 Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The 2011-2012 trendline was resistance after the election and the metal has reached a level that could provide support for another leg higher. The level in question is the intersection of slope and the May low (1200). Initial resistance on a pop is probably near 1240.

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

DISCLOSURES

News & Analysis at your fingertips.