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GOLD - Persisting Bearish Pressure Looks For Final Break Below Cracked Daily Tenkan-Sen Support

Discussion in 'Technical Analysis' started by Kaitlin, Sep 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Spot Gold remains under pressure, after three-day fall from $1352 high accelerated below 50% of $1302/$1352 recovery rally, on Monday's extension to $1324 low. Near-term price action holds within narrow consolidation range, following brief probe below pivotal daily Tenkan-sen support which lies at $1327.[​IMG]

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