Technicals - Gold - sell signal target has been reached
Angela Mangan
QMG Pty Ltd
The spot gold price previously generated a technical sell signal at US$1255 on 19/5/16 (as flagged in recent Wire) (VIEW LINK). The technical outlook turned negative at that point. As a result of the decline on Friday night the nominated minimum downside technical price target located at US$1210 was reached during intra-session trading. However, the technicals remain negative given there is no sign of base forming emerging.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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.
1 topic
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
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
This recently triggered market signal has never failed to predict gains
Ophir Asset Management
Equities
How you can use AI to know when to sell
Minotaur Capital