GOLD continues to chop around key Gann levels

GOLD continues to chop around key Gann levels

20 August 2014, 17:17
Lonny Strike
0
176
  • Our near-term trend bias is positive on the metal while over 1280
  • A move through 1321 is needed to confirm that a more meaningful move higher is in fact underway
  • A cycle turn window of importance is seen around the start of next month
  • A daily close under 1280 will turn us negative on Gold





XAU/USD Strategy: Like the long side while 1280 holds

InstrumentSupport 2Support 1SpotResistance 1Resistance 2
XAU/USD 1280 1290 1300 1321 1327
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