DAILY SPOT GOLD - Thursday's call and technicals
Despite Tuesday’s strong gains, yesterday’s signals were more cautious and neutral. These were confirmed as an initial improvement of over 18 Pts attracted sellers from close to June’s 6 year top at 1438.3 and for sentiment to close little changed on the day. Like the 15th June, a daily Shooting Star is short-term negative. Any pullback is probably corrective and temporary though, so with caution the outlook for Thursday is bearish and the call is to sell just modestly on the open and then at 1428.0 with a stop loss at 1438.3, June’s 6 year top. Targets are to 1413.3, yesterday’s low, 1400.0, Tuesday’s Marabuzo line and 1381.8, this week’s base.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.