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.
Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...
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