Gold: A break above 1800 is a strong buy signal

avatar
· Views 966

Gold – Silver

Gold Spot edges slowly back to very important resistance at 1787/90 & holds. Obviously this is key to direction in severely overbought conditions.

Silver Spot beat first resistance at 1806/09 hitting targets of 1821/23 & important resistance at the 1 month high at 1835/37. We topped exactly here.

 

Daily Analysis

Gold beat strong resistance at 1778/82 to retest & hold very important resistance at 1787/90. It is worth trying shorts with stops above 1800. A break above 1800 is a strong buy signal despite overbought conditions targeting 1812/14, 1825/27 & 1835/37.

Shorts at at 1787/90 target 1780/78 with support at 1772/70. A break lower targets 1767/65 with the best support for today at 1761/59. Longs need stops below 1755. A break below 1755 is a sell signal targeting strong support at 1746/43.

Silver first support at 1820/18 then best support for today at 1808/05. Longs need stops below 1800. A break lower targets 1787/83 then a buying opportunity at 1775/65, with stops below 1760.

We held important resistance at the 1 month high at 1835/37. Shorts need stops above 1845. A break higher is a medium term buy signal targeting 1860/63 & 1882/85.

 

Trends

Weekly outlook is positive.

Daily outlook is neutral.

Short Term outlook is neutral.

Gold: A break above 1800 is a strong buy signal

 

https://www.fxstreet.com/analy...

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest