Sydney Tokyo London New York
real time forex news and technical analysis
German ZEW Economic Sentiment

waiting
14.9
expected
17.5
previous

Gold Technical Analysis

Tech analysis by Simon Kazinsky on 16:49 March 29, 2016 EST



Gold has been stable in the range between 1,000 and 1,200/oz for months.

The metal has been able to show some strength lately and, at the very least, has set a multi month low at 1,050. At the same time it has recently found support at 1,200 which had acted as a resistance previously.

My outlook has changed now to neutral and it will be revised to bullish if the yellow commodity manages to close above 1,300/oz as this is the last resistance that has to give way.


Comments



[x]