The spot gold price key technical support is located at US$1180

Angela Mangan

QMG Pty Ltd

The spot gold price key technical support is located at US$1180. A close below this barrier, if it occurs, would indicate the potential for the next major downward move. The spot gold price originally generated a technical sell signal at US$1288 on 22/4/14 which was followed by a secondary technical sell signal at US$1276 on 22/8/14. The initial downside target located at US$1232 was reached on 12/9/14 - which was the minimum expectation for a pullback.


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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.

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