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Gold: Looks To Build Up On Recovery Strength Above The 1100.00 Zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GOLD: Having the commodity continued to hold on to its recovery strength, GOLD looks to build up on recovery strength above the 1100.00 zone. On the downside, support comes in at the 1110.00 level where a break will turn attention to the 1100.00 level. Further down, a cut through here will open the door for a move lower towards the 1090.00 level. Below here if seen could trigger further downside pressure targeting the 1080.00 level. Conversely, resistance resides at the 1130.00 level where a

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