Technicals - Gold - potential for a technical sell signal to be generated
Angela Mangan
QMG Pty Ltd
A potential technical top formation has emerged on the spot gold price. A New York close below US$1257 is required, which if this occurs, would generate a technical sell signal, resulting in the spot gold technical outlook turning negative. The downside technical price target in that situation would then be located at US$1210 - the minimum expectation for a pullback. Currently, US$1257 is the key technical level to watch.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
2 topics
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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