Thursday, October 15, 2026

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Gold breaks minor trend line support around $1180, targets $1159

Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1176. It has broken minor trend line support $1180 (trend line joining $1151 and $1163) and break below targets $1163/$115…

By Lis Howell
1 min read
Gold breaks minor trend line support around $1180, targets $1159
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  • Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1176.
     
  • It has broken minor trend line support $1180 (trend line joining $1151 and $1163) and break below targets $1163/$1159.
     
  • Short term bullish invalidation only below $1158.
     
  • On the higher side major resistance is around $1190 and break above targets $1200.

It is good to sell on rallies around $1177-80 with SL around $1190 for the TP of $1163/$1159          

 

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