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Gold: Eyes Further Upside Pressure On Rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GOLD: Having closed strongly higher on a rally the past week, GOLD eyes further upside pressure. On the downside, support comes in at the 1098.00 level where a break will turn attention to the 1088.00 level. Further down, a cut through here will open the door for a move lower towards the 1080.00 level. Below here if seen could trigger further downside pressure targeting the 1070.00 level. Conversely, resistance resides at the 1115.00 level where a break will aim at the 1125.00 level. A turn

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