Report
Steve Lucas

DAILY SPOT GOLD - Thursday's call and technicals

This week’s call to stay long and buy the dip at 1403.6 has been confirmed, as in line with Wednesday’s signals which continued to point higher, investors bought the market yesterday from close to 1400.0 the Fig, for a strong 21 ½ Pt gain. This is positive, but until the June & July tops are clearly broken the outlook for Thursday remains just cautiously bullish and the call is to buy modestly on the open and then at 1416.0, Wednesday’s Marabuzo line with a stop loss at 1399.9, yesterday’s low. Targets are to 1430.0, 1436.5/38.3, July & June’s tops and then towards 1449.0.

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3cAnalysis
3cAnalysis

​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.

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Steve Lucas

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