Vi bruker en rekke cookies for å forsikre oss om at du får den beste brukeropplevelsen. Ved kontinuerlig bruk av denne nettsiden, godtar du bruken vår av cookies. Du kan lese mer om policyen vår for cookies her, eller ved å følge linken nederst på alle sidene på nettstedet vårt.
Gold selloff pauses
Friday saw an end to last week’s bounce from long-term trendline support. This selloff brings us closer to the $1064 low, which if broken could lead to significant losses. However, for now prices seem to be drifting higher, which looks like a brief respite in the selling.
Thus in line with the downtrend seen in both long-term and now short-term charts, it seems likely that this morning’s upside is a short-term phenomenon preceding another leg lower towards $1064.
Resistance levels to watch are at $1077 and $1079. The $1079 mark would need to be broken for a more bullish picture to emerge.