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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Angela Mangan
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.


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