Spot Gold Analysis Update

Commodity – Spot Gold

Gold has been under pressure as the USD rallies on the back of higher interest rate fears in the US. We are still looking for further weakness and then a higher low to build for higher prices. For this to play out and buyers to step in, we need to see 1242 hold otherwise we can expect to see serious weakness push price below 1242 towards 1125.

Commodity : Commodity – Spot Gold

Current Price : 1319

Status : On watch for buy entry setup

Previous Alert 14/2/18

Commodity – Spot Gold

Gold has some long term price action that is pointing to a push up through 1370. There is still some work to do as buyers step in to soak up the selling pressure, but the charts are showing that the hard yards are being put in now. We are watching for a pullback to be soaked up at higher levels to build a potential buy entry setup.

Commodity : Commodity – Spot Gold

Current Price : 1334

Status : On watch for buy entry setup