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New All-Time Highs!!!

GOLD TECHS
  • RES 4: $2027.7 - 2.236 proj of Dec '19 - Mar rally from Mar 16 low
  • RES 3: $2000.0 - Psychological round number
  • RES 2: $1967.0 - 2.00 proj of Dec '19 - Mar rally from Mar 16 low
  • RES 1: $1944.7 - Intraday and all-time high
  • PRICE: $1933.2 @ 07:19 BST Jul 27
  • SUP 1: $1899.9 - Intraday low
  • SUP 2: $1863.8 - Low Jul 23
  • SUP 3: $1841.2 - Low Jul 22
  • SUP 4: $1817.8 - 20-day EMA

Gold continues to defy gravity. The yellow metal has traded higher
overnight and most importantly, registered a new all time high at $1944.7.
Last week's strong impulsive gains continue to dominate and despite
being in overbought territory, gold looks set to extend the current rally.
The next objective is $1967.0, a Fibonacci projection with sights also on
the psychological $2000.0 level. $1899.9 is support.

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