Technicals - gold price technical buy signal target @ US$1288 reached

Angela Mangan

The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. It subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The nominated upside technical price target located at US$1262 was reached on 27/2/17. The 27/3/17 New York close above the US$1250 resistance barrier generated a new technical buy signal as detailed in recent Wire (VIEW LINK). The minimum nominated upside technical price target located at US$1288 was reached on 13/4/17. The gold price technicals remain positive given there is no sign of a technical top formation emerging.


About this contributor

Angela Mangan

Angela Mangan

Technical Analyst, QMG Pty Ltd

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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gold equities ASX:NCM ASX:NST ASX:EVN

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