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Spot Gold Probes Above Hourly Triangle Resistance, Focus At 1279/1282 Targets

Discussion in 'Technical Analysis' started by Kaitlin, Mar 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Spot Gold remains bullishly aligned and probes above the upper boundary of hourly triangle at 1272, formed on near-term consolidation off 1279 (last Friday's fresh high). Near-term action remains underpinned by rising daily 5SMA, with fresh bullish signal being generated on yesterday's positive close. Strong support zone lies at 1.1263/60, formed[​IMG]

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