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 Price – 1219 and 1250 are Possible Tests

Gold Price – 1219 and 1250 are Possible Tests

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Gold Price – 1219 and 1250 are Possible Tests

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Support held and focus is towards 1200-1210 (May 2016 low and 11/14 low)…I’ll re-evaluate the gold chart after (if) that level is reached.” Gold is above 1210 (somewhat surprised that the level didn’t provide any resistance). There are 2 levels to be aware of for possible resistance; 1219 (38.2%) and near 1250 (50% and former support…including Brexit day low).

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

DISCLOSURES