GOLD technical daily - 19/12/2017

in #gold • 7 years ago

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Technical Levels


A follow-through retracement below $1260 level is likely to get extended towards $1255 horizontal level before the metal eventually drops to $1252-51 support.

On the upside, momentum beyond $1265 level (session tops) might get extended towards 200-day SMA hurdle near the $1268 region, above which a fresh bout of short-covering could lift the commodity towards $1276 supply zone.

Thank You & Have a Great Day

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#trading #commodities #technical #analysis
7 years ago in #gold by
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     7 years ago 

    I feel the buying for gold is going to continue, dollar to me has "over strengthen"