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Hitting New Highs (Since 2013) *RES 4:...>

GOLD TECHS
GOLD TECHS: Hitting New Highs (Since 2013)
*RES 4: $1708.7 - 1.382 of Aug 2018 low to Sep 2019 high
*RES 3: $1696.2 - High Jan 22, 2013
*RES 2: $1650.7 - 1.236 of Aug 2018 low to Sep 2019 high
*RES 1: $1640.8 - High Jun 6, 2012
*PRICE: $1634.3 @ 10:32 GMT Feb 21
*SUP 1: $1600.0 - Round number support
*SUP 1: $1592.1 - High Feb 3 and former resistance
*SUP 3: $1587.0 - 61.8% retracement of 2011 to 2015 decline
*SUP 4: $1573.2 - Low Feb 14
Gold continues to motor higher, although we caution momentum studies are now
pointing to the yellow metal being overbought with the RSI breaching 70.
However, for now the RSI continues to trend higher and is showing no sign of
slowing. Previous key resistance at the Jan 8 high has now been breached with
only minor resistance levels in the near-term. On the downside, we would need to
see a breach of $1561.9, Feb 12 low to reinstate a bearish threat.
Energy BulletsCommodities
Energy BulletsCommodities

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