Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Gold breaks minor trend line support at $1249, targets $1235/$1226

 

  • Major resistance -$1260
     
  • Gold has broken major trend line support $1249 and declined till $1242.79. it is currently trading around $1245.40.
     
  • Any break below $1249 will drag the commodity down till $1234/$1225 ins short term.
     
  • Short term bullishness only above $1260.
     
  • Overall bullish invalidation only below $1200.

 

It is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $12

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.