1uptick

1uptick Updated 

Gold finally closed below 1840 last Friday on the daily chat. All the buying support below 1840 is now gone and sell pressure may starts to take control over the gold price. If the price break the 1820 support, the next support will be @ the 250 days moving average(1).

1uptick Updated 

Gold fell more than 80 dollars last Friday. Following the selling momentum from pervious days, the price was under pressure throughout Asian session. It broke both the support of the M-T uptrend channel(1) and the L-T upward resistance(2) in European session. Since both major supports was broken, the market was under pressure. It went down further after a...

1uptick Updated 

Gold last week run within a tight range. but closed at near the weekly high of 1900. Since the price touched the lower support of the uptrend channel(1), it has started to show signs of surging. Gold is now attempting to breach the 100 days MA (2). And we can expect the next major movement in the coming week, if it reaches the L-T upward resistance line (3).

1uptick Updated 

Gold didn't changed much during the holiday season. The price is remaining under the L-T downward resistance(1) and the M-T uptrend channel(2). M-T range bound @ 1860-90. A S-T upward support line(3) has been formed in the pass 48 trading hours. S-T resistance @ 1880. S-T Resistance: 1880 / 1890-92 S-T Support: 1870 / 1860-55

1uptick Updated 

Gold price continued to become motivated last week by the hope of the new U.S COVID-19 aid bill with an overall surged of 2.2%. The price is running well within an M-T uptrend channel (1) on the daily chart, current resistance @ 1890 (2). The weekly high was set on Thursday last week on the 1 hour chart. A S-T downward resistance (3) has formed in the past...

1uptick Updated 

Under the influence of a triangular pattern(1), gold traded within a tight range most of Friday. It tested the daily low near 1820 before the U.S. session, but support has shown very strong (2) @ below 1830. During the U.S. session, the price then breached the triangular pattern climbing all the way to 1847. Gold is still getting support from investors...

1uptick Updated 

Gold rebounded from its 4 month's low @ 1765 early in the week, peaked @ 1848 on Friday and profit being booked before market closed last week. Gold is running into a key technical resistance @ 1850. While a few profit-taking being triggered last week, expect the price to consolidate a bit before any break through. The range 1832-45 is still valid. S-T...

1uptick Updated 

Gold broke the major support of 1800 (1) last Friday, as growing optimism about a quick economic recovery and a faster than expected vaccine global delivery. M-T downward pressure continues while breaking 1800 trigger quite some stop selling orders. 1750 (2) / 250 days MA (3) remain the M-T targets. Notice there are still S-T buying support at around 1780, a...

1uptick Updated 

Price started to rebound after touching the support @ 1860 last Fri, reached the daily high of 1878 in the US session. Without any major break through, we can continue to take advantage of the M-T 1860-1898 range. A S-T support line (1) has formed in the past 48 hours. Short-Term resistance is now at 1880-83 area. S-T Resistance: 1880-83 / 1893 S-T Support:...

1uptick Updated 

Gold price continued to rebound last Friday, reaching the 38.2% retracement @ 1896. A softer dollar and mounting coronavirus cases around the world has provided support for gold. Key resistance is now at 1898-1900 level. At the same time, the price is currently running higher along with the S-T support trend line. If the the support of this trend line is...