Gold is firmer and remains above last week’s low of $1681.0 (Jul 21). Short-term gains are still considered corrective, however, any break above resistance at $1745.4, the Jul 13 high, would strengthen a bullish set-up and suggest scope for a stronger bounce. Moving average studies continue to highlight a bear trend. A break of $1681.0 would confirm a resumption of the downtrend.

Metals Technical Analysis Metals bullet Homepage markets-real-time Commodities Bullet

Taso Anastasiou

Metals Technical Analysis Metals bullet Homepage markets-real-time Commodities Bullet

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Approaching Resistance