RE:Gold Technicals........I do not claim to be an expert on Gold but looking at the obvious from the data given it appears Gold could easily go as low as this $1932 pivot and still renmian a strong buy... The weekly and Monthly remain all buys no sells.. Likely support close or near to a pivot would have to fail for this to change... Like anything that goes up fast it can fall the same. Gold has risen at an incredibal pace so all that being said a drop to test this pivot may happen.. $1996 support is such a high level of bullish support as this continues to hold in.. If these high pivots hold $2040 will be tested again sooner than later.... We all welcome a Gold rally, sadly that means goverments are failing and that geo politically the picture is bleak.
Summary:STRONG BUY
Moving Averages:STRONG BUYBuy (12)Sell (0)
Technical Indicators:STRONG BUYBuy (9)Sell (0)
Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
Classic | 1879.54 | 1914.77 | 1963.34 | 1998.57 | 2047.14 | 2082.37 | 2130.94 |
Fibonacci | 1914.77 | 1946.78 | 1966.56 | 1998.57 | 2030.58 | 2050.36 | 2082.37 |
Camarilla | 1988.86 | 1996.54 | 2004.22 | 1998.57 | 2019.58 | 2027.26 | 2034.95 |
Woodie's | 1886.20 | 1918.10 | 1970.00 | 2001.90 | 2053.80 | 2085.70 | 2137.60 |
DeMark's | - | - | 1980.95 | 2007.38 | 2064.75 |