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Gold Approaches It's All-Time High

GOLD TECHS
  • RES 4: $2075.5 - All-Time High Aug 7 2020
  • RES 3: $2070.4 - High Mar 8 and a key resistance
  • RES 2: $2059.2 - High Mar 9 2022
  • RES 1: $2045.9 - High Apr 5
  • PRICE: $2018.4 @ 07:14 BST Apr 13
  • SUP 1: $1981.7/1971.9 - Low Apr 10 / 20-day EMA
  • SUP 2: $1949.7 - Low Apr 3
  • SUP 3: $1923.3 - 50-day EMA
  • SUP 4: $1885.8 - Low Mar 15

Trend conditions in Gold remain bullish and today’s break of resistance at $2032.1, Apr 5 high, confirms a resumption of the current uptrend. The move higher maintains the positive price sequence of higher highs and higher lows and sights are set on the next key resistance at $2070.4, the Mar 8 2022 high. This is just ahead of the all-time high of). Key short-term support has been defined at $1981.7, the Apr 10 low.

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