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Gold Looks To Build Up On Its Corrective Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GOLD: Having halted its broader weakness on a long-tailed candle formation on Thursday, GOLD looks to build up on its corrective pressure. While the commodity holds and trades above the 1046.30 level, recovery threat is expected. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level. A turn above there will expose the 1090.00 level. Further out, resistance stands at the 1100.00 level. On the downside, support comes in at the 1050.00 level where a

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