-
Commodity Technical Outlook On GOLD
GOLD: Halts Weakness, Risk Turns Higher GOLD: With GOLD closing higher to reverse its previous week gains the past week, further upside offensive is likely in the new week. Further out, resistance resides at the 1,416.00 level, its psycho level. A cut through here will aim at the 1,500.00 level, its psycho level. A cap may occur here and turn it lower but if that fails, more upside will develop towards the 1,550 level. Conversely, support stands at the 1,348 level with a break targeting the 1,300.00 level and then the 1,272.12 level. A turn below here will turn attention to the 1,250.00 level and then the 1,215.00 ... (full story)
