• 2 days 3 Semiconductor Stocks Looking Great On EV Demand
  • 4 days Robinhood’s $40B March IPO Is In Grave Danger
  • 5 days Are Bots Responsible For GameStop’s Massive Runup? 
  • 6 days Learning From Buffett’s $11 Billion Mistake
  • 9 days The Token Boom Spawns Digital Gold Mine in Art, Collectibles
  • 10 days The “Oil Of The Future” Is Set To Soar In 2021
  • 10 days Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
  • 10 days Could This Be The Hottest Commodity Play Of 2021?
  • 11 days JP Morgan Says Fintech Will Steal The Disruptor Show
  • 13 days Facebook Plays Dirty Down Under
  • 13 days Could This Be The Most Exciting Lithium Play Of 2021?
  • 16 days China Sidelines US As EU’s New Top Trading Partner
  • 18 days 3 Smart Ways To Play the Global Chip Shortage
  • 19 days Flying Taxis Are The Number One Speculative Bull Arena
  • 20 days Ocean Power: The Missing Link
  • 25 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
  • 26 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
  • 27 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
  • 28 days The Biggest Tech IPO Since Uber … For Farmers
  • 30 days The Biggest Boost Yet for the Cannabis Industry
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

Gold - No Selling Pressures Below 1265

Gold's new leg has started. The metal is moving up toward hourly resistance at 1277 (05/10/2016 high). Hourly support is located at 1261 (21/10/2016 high). Stronger support is given at 1241 (07/10/2016 low ). Expected to see continued upside pressures.

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment