Commodity Technical Analysis: Gold Probably Faces Resistance at 1727

Daily Bars

Commodity_Technical_Analysis_Gold_Probably_Faces_Resistance_at_1727_body_gold.png, Commodity Technical Analysis: Gold Probably Faces Resistance at 1727

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: “Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Friday’s JS Spike right at mentioned support (1685) will probably propel gold to at least the 61.8% retracement of the decline from the 11/12 high at 1727. There is trendline resistance to keep an eye on as well.

Commodity Trading Strategy: Look to short strength from 1727 to 1738 with a 1754 stop.

LEVELS: 1673 1683 1704 1727 1738 1754

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3695-0.0015-0.11%
    USDSGD=X
    1.4906-0.0002-0.01%
    EURSGD=X
    2.0344-0.001-0.05%
    GBPSGD=X
    87.0943+0.1213+0.14%
    SGDJPY=X
    5.6622+0.0063+0.11%
    SGDHKD=X
    2.6781+0.0032+0.12%
    SGDMYR=X
    9,545.1064+42.916+0.45%
    SGDIDR=X
    4.5387+0.0089+0.20%
    SGDCNY=X
    1.0691-0.0037-0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,201.30-3.50-0.29%
    GCJ15.CMX
    17.03-0.11-0.64%
    SIK15.CMX
    68.39-1.10-1.58%
    ^XAU
    2.78-0.03-1.12%
    HGK15.CMX
    50.33-1.10-2.14%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47+0.06
    ^FVX
    2.01+0.09
    ^TNX
    2.60+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.95+0.02+2.15%
    N21.SI
    0.285-0.005-1.72%
    5WA.SI
    0.4050.0000.00%
    E5H.SI
    0.315+0.025+8.62%
    T4B.SI
    0.165+0.002+1.23%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.03+7.04%
    D03.SI
    0.315+0.025+8.62%
    T4B.SI
    0.137+0.012+9.60%
    40E.SI
    0.48+0.02+5.49%
    5TG.SI
    0.40+0.02+5.26%
    5NF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.22-0.02-6.38%
    5RE.SI
    0.225-0.010-4.26%
    DU4.SI
    0.132-0.005-3.65%
    C3T.SI
    0.114-0.004-3.39%
    5GI.SI
    0.4650.0000.00%
    Q7W.SI