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All-Time High Remains Intact For Now

GOLD TECHS
  • RES 4: $2119.3 - 3.382 proj of the Dec 15 - Jan 25 - 28 price swing
  • RES 3: $2104.6 - 3.236 proj of the Dec 15 - Jan 25 - 28 price swing
  • RES 2: $2075.5 - High Aug 7 2020 and the all-time high
  • RES 1: $2070.4 - High Mar 8
  • PRICE: $1981.9 @ 07:14 GMT Mar 11
  • SUP 1: $1961.2 - Low Mar 7
  • SUP 2: $1932.8 - 20-day EMA
  • SUP 3: $1901.5 - Low Mar 1
  • SUP 4: $1878.4 - Low Feb 24 and key short-term support

The all-time high print in Gold of $2075.5 on Aug 7 2020 remains intact for now following Wednesday’s strong pull back. The broader trend condition remains bullish and the pullback is allowing an overbought condition to unwind. The next support is seen at $1961.2, Mar 7 low, while a firmer area of support lies at $1932.8, the 20-day EMA. On the upside, a resumption of strength would once again refocus attention on $2075.50.

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