Gold: Targets Its Key Support On Bear Pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GOLD: Having sold off on Wednesday to close lower, GOLD targets its key support on bear pressure. This development now leaves it aiming at its key support zone at the 1046/47.00. While it trades and holds below the 1085/88 zone, its broader bias remains lower. On the downside, support comes in at the 1050.00 level where a break will turn attention to the 1040.00 level. Further down, a cut through here will open the door for a move lower towards the 1030.00 level. Below here if seen could

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