Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
Gold pulls back to trendline support
The weakness seen in gold over recent days was unexpected given the look of a bullish triangle breakout in play. However, the sell-off has taken us back to trendline support which is currently around $1240.
Yesterday saw price action fall down towards this level and rally heavily. Thus another move lower would be looking at $1240 as an important level of support.
Alternately, an hourly close candle above $1259 would signal a more bullish outlook, with resistance levels at $1263, $1273 and $1280 in view.