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Gold Daily Technical Outlook

Posted September 8th, 2010 by BonTrade and filed in General News
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Gold continues to edge higher towards record high 1266.5 even though upside momentum remains a bit unconvincing. We’ll continue to stay neutral with Gold staying below 1266.5. On the downside break of 1233.6 support will be the first signal that whole rebound from 1155.6 is finished. Further break of 1211.7 support will confirm this case and target another low below 1155.6. However, decisive break of 1266.5 will confirm up trend resumption and should target 1300 psychological level next.

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Gold Daily Technical Outlook

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