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GOLD Eyes More Strength On Recovery

GOLD: Having turned higher the past week to reverse its previous week losses, GOLD eyes more strength on recovery. On the downside, support comes in at the 1060.00 level where a break will turn attention to the 1050.00 level. Further down, a cut through here will open the door for a move lower towards the 1040.00 level. Below here if seen could trigger further downside pressure targeting the 1030.00 level. Conversely, resistance resides at the 1088.00 level where a break will aim at the 1098.00 level. A turn above there will expose the 1110.00 level. Further out, resistance stands at the 1120.00 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, GOLD eyes more strength on recovery.

GOLD eyes more strength on recovery

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