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 spikes from trendline support
After the bulls managed to turn out some positive price-action despite gains across risk assets, gold is finally back up above Monday’s open. We now have a higher-high and higher-low in play on the short timeframes, which provides a good chance of further gains.
We are seeing gold drift lower currently and it seems a better idea to be bullish on a pullback rather than entering any positions within an extended market. As such, Fibonacci retracements will be interesting as potential support should we see further pullback.
In particular, the 38.2% ($1239), 50% ($1237) and 61.8% ($1235) levels are worth watching out for. This bullish view would be negated with an hourly close below $1227.