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Fresh Cycle High

GOLD TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $1998.4 - High Apr 18, 2022
  • RES 3: $1982.0 - High Apr 19, 2022
  • RES 2: $1963.0 - 76.4% retracement of the Mar - Sep 2022 bear leg
  • RES 1: $1940.7 - Intraday high
  • PRICE: $1939.0 @ 07:19 GMT Jan 24
  • SUP 1: $1896.7/78.5 - Low Jan 12 / 20-day EMA
  • SUP 2: $1825.2 - Low Jan 5 and key near-term support
  • SUP 3: $1797.1 - Low Dec 28
  • SUP 4: $1774.0 - Low Dec 15

Trend conditions in Gold remain bullish and the yellow metal has traded to a fresh cycle high today. This confirms an extension on the uptrend and maintains the price sequence of higher highs and higher lows. Moving average studies are in a bull mode position - reflecting the uptrend. The focus is on $1963.0 next, a Fibonacci retracement. Support to watch lies at $1878.5, the 20-day EMA. Short-term pullbacks are considered corrective.

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  • RES 4: $1998.4 - High Apr 18, 2022
  • RES 3: $1982.0 - High Apr 19, 2022
  • RES 2: $1963.0 - 76.4% retracement of the Mar - Sep 2022 bear leg
  • RES 1: $1940.7 - Intraday high
  • PRICE: $1939.0 @ 07:19 GMT Jan 24
  • SUP 1: $1896.7/78.5 - Low Jan 12 / 20-day EMA
  • SUP 2: $1825.2 - Low Jan 5 and key near-term support
  • SUP 3: $1797.1 - Low Dec 28
  • SUP 4: $1774.0 - Low Dec 15

Trend conditions in Gold remain bullish and the yellow metal has traded to a fresh cycle high today. This confirms an extension on the uptrend and maintains the price sequence of higher highs and higher lows. Moving average studies are in a bull mode position - reflecting the uptrend. The focus is on $1963.0 next, a Fibonacci retracement. Support to watch lies at $1878.5, the 20-day EMA. Short-term pullbacks are considered corrective.