Wednesday 16th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1850 support.
Tuesday 27th April 2021: Technical Outlook and Review
On the weekly timeframe, gold is testing and holding below descending trendline resistance and long term moving average resistance at 1785.
Monday 26th April 2021: Technical Outlook and Review
On the weekly timeframe, gold is testing and holding below descending trendline resistance and long term moving average resistance at 1785.
Friday 23rd April 2021: Technical Outlook and Review
On the weekly timeframe, gold is testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Thursday 22nd April 2021: Technical Outlook and Review
On the weekly timeframe, gold is testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Wednesday 21st April 2021: Technical Outlook and Review
On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Tuesday 20th April 2021: Technical Outlook and Review
On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Monday 19 April 2021: Technical Outlook and Review
On the weekly timeframe, gold pushed higher testing descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Friday 16th April 2021: Technical Outlook and Review
On the weekly timeframe, gold is testing 1765 resistance. With price still holding below the long term moving average, a weekly close below this resistance will see a medium probability drop towards 1670 support.
