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Gold: Targets Additional Upside With Caution

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GOLD: With GOLD reversing its Friday losses on Monday, a build up on that gain is likely. However, it remains trapped within its consolidation, leaving directional move a challenge. On the downside, support comes in at the 1220.00 level where a break will turn attention to the 1210.00 level. Further down, a cut through here will open the door for a move lower towards the 1200.00 level. Below here if seen could trigger further downside pressure targeting the 1190.00 level. Conversely,

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