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GOLD TECHS
  • 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: $1934.4 - High Apr 25, 2022
  • PRICE: $1908.7 @ 07:16 GMT Jan 17
  • SUP 1: $1874.4/50.4 - 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 traded to a fresh trend high Monday. This confirms an extension on the current uptrend and maintains the positive price sequence of higher highs and higher lows. Note that moving average studies are in a bull mode position - reflecting the uptrend. The focus is on $1934.4 next, the Apr 25, 2022 high. Support to watch lies at $1850.4, the 20-day EMA.

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