Advertisement
Canada markets open in 9 hours 1 minute

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7259
    -0.0005 (-0.06%)
     

  • CRUDE OIL

    84.70
    +1.97 (+2.38%)
     

  • Bitcoin CAD

    85,742.99
    +315.55 (+0.37%)
     

  • CMC Crypto 200

    1,287.47
    +401.94 (+44.19%)
     

  • GOLD FUTURES

    2,403.90
    +5.90 (+0.25%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,365.75
    -181.50 (-1.03%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,155.13
    -924.57 (-2.43%)
     

  • CAD/EUR

    0.6820
    -0.0001 (-0.01%)
     

Gold Price 200 Day Average is Still Providing Resistance

Jamie Saettele, CMT

DailyFX.com -

Daily

Gold Price 200 Day Average is Still Providing Resistance
Gold Price 200 Day Average is Still Providing Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-Watch 1219 for support in gold now but realize that price is still under the 200 day average (resistance on Monday in fact). A push through the average would contribute to the broader constructive outlook and shift focus to 1278 (61.8% retracement from 2016 decline).


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from IG.