Commodity Technical Outlook On GOLD
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GOLD: Outlook Remains Higher With Caution
GOLD: With GOLD remaining bullish and targeting further upside, it faces further bullishness in the days ahead. Resistance resides at the 1,331.10 level where a violation will aim at the 1,342.30 level. A break will aim at the 1,359.00 level and then the 1,380.00 level. Its weekly RSI is bullish and pointing higher suggesting further upside. Conversely, support comes in at the 1,300.00 level where a violation if seen will threaten further downside towards the 1,284.00 level. Further down, support comes in at the 1,257.68 level where a break if seen will push the pair lower towards support at the 1,250.00 level. All in all, GOLD remains biased to the upside in the medium term.