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GOLD TECHS: Fresh Cycle High

GOLD TECHS
Metals Technical AnalysisCommodities TechBulletMarketsForeign Exchange BulletsCommodities
  • RES 4: $3000.0 - Psychological round number   
  • RES 3: $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing 
  • RES 2: $2917.5 - 1.764 proj of the Nov 14 - Dec 12 - 19 price swing
  • RES 1: $2900.0 - Round number resistance    
  • PRICE: $2894.7 @ 07:31 GMT Feb 10 
  • SUP 1: $2834.3 - Low Feb 6  
  • SUP 2: $2776.3 - 20-day EMA  
  • SUP 3: $2754.3 - Low Jan 30  
  • SUP 4: $2716.9 - 50-day EMA

A bull cycle in Gold remains in play and the yellow has again traded to a fresh cycle high, today. The continued appreciation once again confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting a dominant uptrend. Sights are on the $2900.0 handle next. The first key support to watch is $2776.3, the 20-day EMA.

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  • RES 4: $3000.0 - Psychological round number   
  • RES 3: $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing 
  • RES 2: $2917.5 - 1.764 proj of the Nov 14 - Dec 12 - 19 price swing
  • RES 1: $2900.0 - Round number resistance    
  • PRICE: $2894.7 @ 07:31 GMT Feb 10 
  • SUP 1: $2834.3 - Low Feb 6  
  • SUP 2: $2776.3 - 20-day EMA  
  • SUP 3: $2754.3 - Low Jan 30  
  • SUP 4: $2716.9 - 50-day EMA

A bull cycle in Gold remains in play and the yellow has again traded to a fresh cycle high, today. The continued appreciation once again confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting a dominant uptrend. Sights are on the $2900.0 handle next. The first key support to watch is $2776.3, the 20-day EMA.