Commodities Analysis & Opinion
Gold Could Not ‘Pivot’ From The Bears
Gold
+1.43%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Gold remains well below the horizontal neckline support (ca. $1,700) that confirms a multi-month double top. According to classical price chart analysis, the projected target price is as much below the neckline as much as the height of the rectangle area is.
Gold Weekly Chart