Gold Prices Uptrend Fails to Progress quoting : "dailyfx"




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Gold Prices Uptrend Fails to Progress
Traders should note that a bearish move would also place gold prices back in the direction of its longer term downtrend. Gold, Daily Chart with Averages(Created Using IG Charts)Intraday market analysis has the price of gold trading near today's central pivot at $1,236.64. Talking Points:Gold Prices Fail to Progress in UptrendDaily Support Found at $1,232.42Looking for additional trade ideas for Gold and Commodities Markets ? So far prices have tested support at R2 twice in today's trading, but have failed to make significant progress below this point. If gold prices are to resume trending higher, the commodity must first trade through today's R1 and R2 pivot, found at $1,237.91 and $1,239.56.


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