Technical Analysis

Goldman Sachs techs see more upside in gold

Gold “has room for at least one more rally”

Goldman Sachs technical analysts suggest adding topside exposure to gold if prices fall into the $1402-$1407 range (spot $1412) for a minimum target of $1465 with the scope for a rise to $1513 and risking no lower than $1386.

“It’s now evident that the market is forming something of a triangle consolidation which is typical in 4th waves. Triangles tend to have five swings in either direction before eventually breaking out in continuation of the previous trend,” analysts write.

ForexLive

Articles You May Like

Australian Dollar May Not Have Much to Gain From US-China Deal
The GBPUSD trades between MAs again after run higher runs into weak retail sales
Europe can benefit from China-US phase one trade deal – Global Times
Forex Trading Strategy Webinar Video: FOREX.TODAY – 17 Jan 2020
Forexlive Americas FX news wrap: Martin Luther King Day, keeps the markets quiet

Leave a Reply

Your email address will not be published. Required fields are marked *