Post by
Dixiedee on Aug 04, 2022 8:20am
Gold futures
Technically, the October gold futures bears have the overall near-term technical advantage. However, a fledgling price uptrend is in place on the daily bar chart to suggest a market bottom is in place. Bulls’ next upside price objective is to produce a close above solid resistance at $1,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the July low of $1,686.30. First resistance is seen at this week’s high of $1,794.80 and then at $1,800.00. First support is seen at the overnight low of $1,769.50 and then at this week’s low of $1,759.70. Wyckoff's Market Rating: 3.5
Comment by
geezer21 on Aug 04, 2022 8:27am
Gold breached $1800 a few minutes ago