Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Gold Price Finally Realizes it’s at Resistance

Gold Price Finally Realizes it’s at Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-Gold is finally starting to come off. The metal has been at resistance (1250) for 7 days. Watch 1219 for support. The 200 day average is clearly important here and a push through the average would indicate promise. Short term focus would shift to 1278 (61.8% retracement from 2016 decline).

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

DISCLOSURES