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Gold Continues To Slide As Markets Grow

Discussion in 'Technical Analysis' started by Kaitlin, Feb 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday markets were encouraged by dovish comments made by ECB President Draghi, while equities and many commodities rallied. Gold has therefore closed below the first target, namely monthly R3 at 1,209. Tuesday morning we are observing more selling pressure, which is pushing prices towards the October 2015 high at 1,191.[​IMG]

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