Steve Lucas

DAILY SPOT GOLD - Thursday's call and technicals

All our weekly targets have been met as in line with daily signals which have continued to point higher, investors bought the market on Wednesday to post a 4th higher daily low & high in a row and a gain of 36 Pts. A fresh over 6 year top at 1510.4 has kept daily signals for sentiment much overstretched and the potential for a profit taking pullback is high. Weakness into the close and modest selling in Asia this morning hasn’t offered a clear bearish reversal pattern, but there is a cautiously negative bias and signals for Thursday are pointing temporarily lower and the call is to sell on the open and then at 1505.8, today’s Asia high with a stop loss at 1515.0. Targets are to 1493.1, today’s Asia low, 1488.0, Wednesday’s Marabuzo line and 1474.3, Wednesday’s opening trade


​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.

Steve Lucas

Other Reports from 3cAnalysis

ResearchPool Subscriptions

Get the most out of your insights

Get in touch