Previously, we wrote; “Gold is still finding some minor resistance at 3,350, which we continue to expect it to act as a trigger should Gold prices push above it, and move towards 3,450.
We would then expect prices to reach 3,400 – 3425 area.”
Gold made a 2nd attempt to push above 3,350, but failed and fell lower towards the 50% retracement of the June rally.
Holding above this area is critical for Gold to maintain its longer term trend.
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
We use cookies to ensure the best possible experience as a guest in our site. Please configure your cookies settings before proceeding.
Necessary
Always active
These cookies are strictly necessary to enable you to move about the website and to provide certain features you have requested. There is no need for consent for the use of such cookies.
