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Fresh All-Time High

GOLD TECHS
  • RES 4: $2282.6 - 1.764 proj of the Oct 6 - 27 - Nov 13 price swing
  • RES 3: $2253.6 - 1.618 proj of the Oct 6 - 27 - Nov 13 price swing
  • RES 2: $2230.1 - 1.50 proj of the Oct 6 - 27 - Nov 13 price swing
  • RES 1: $2220.9 - Intraday all-time high
  • PRICE: $2204.5 @ 05:43 GMT Mar 21
  • SUP 1: $2146.2 - Low Mar 18 and key short-term support
  • SUP 2: $2127.5 - 20-day EMA
  • SUP 3: $2088.5 - High Dec 28
  • SUP 4: $2080.5 - 50-day EMA

The trend condition in Gold is bullish and this week’s gains reinforce current conditions. The earlier rally today delivered another all-time high and confirms a resumption of the primary uptrend. Moving average studies remain in a bull-mode condition, reflecting positive market sentiment. This signals scope for a climb towards $2230.1, a Fibonacci projection. On the downside, key short-term trend support has been defined at $2146.2, the Mar 18 low.

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