This week isn't packed with a lot of economic data so technicals might be the only reason for the yellow metal to move.
Current resistance level is $1,143-$1,146 while support rests at $1,128, $1,116, $1,100.
Chart: D1 XAUUSD
Monday, September 21, 2015
Gold At Resistance On Daily
The precious metal is trading lower in today's session due to technical bears who overcame the bulls in their rally last week. Gold reached its highest point at $1,142 which occurs to be a strong resistance level and then bounced off to currently trade at $1,132-$1,133/oz.
This week isn't packed with a lot of economic data so technicals might be the only reason for the yellow metal to move.
Current resistance level is $1,143-$1,146 while support rests at $1,128, $1,116, $1,100.
Chart: D1 XAUUSD
This week isn't packed with a lot of economic data so technicals might be the only reason for the yellow metal to move.
Current resistance level is $1,143-$1,146 while support rests at $1,128, $1,116, $1,100.
Chart: D1 XAUUSD
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ReplyDeleteThank you for the analysis.
ReplyDeleteGood resistance and support levels.
ReplyDeleteExcellent analysis!
ReplyDeleteIn times of great uncertainty, people tend to buy Gold.
ReplyDeleteGood analysis.
ReplyDelete