Trial now

Bullish Price Sequence


Corrective Pullback

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Gold trades higher early this week, with the softer DXY aiding the bid after Friday's pre-NY sell off halted just above Thursday's low, leaving the previously outlined technical picture intact. Spot last deals the best part of $10/oz firmer on the day, just shy of $1,760/oz. Last week's low ($1,738.0/oz) protects the 76.4% retracement of the Aug 9-Sep 3 rally ($1,724.5/oz). While initial resistance is located at the Sep 22 high ($1,787.4/oz). A slew of Fedspeak, as well as the latest U.S. PCE and m'fing ISM surveys will garner most of the attention on the part of participants this week.