Gold - technical buy signal generated

Angela Mangan

QMG Pty Ltd

The spot gold price previously generated a technical buy signal @US$1235 on 9/1/15 and subsequently reached the minimum upside technical target located @ US$1290 on 21/1/15, completing the technical trade. As a result of the recent price action, a new upward reversal / upside break above key resistance has occurred, thereby generating a new technical buy signal. The potential now exists for a further significant rally to occur in the gold price from current levels.


MORE ON



1 topic

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.