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Gold: Corrective Threat Keeps Outlook Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level. Below here if seen could trigger further downside pressure targeting the 1115.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely,

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