Market Overview Technical Analysis

Technical Analysis: Gold Futures (GC) Prices Bounce Off Minor Support

Gold Futures prices bounce off the minor support zone. The smaller time frames show many trade opportunities. The bearish sentiment remains. Quick Recap Last week, we mentioned the possibility of a bounce out of the minor support zone at $1,622.20-$1638.50 within the larger term downtrend. Take a look at the article here to get a Read More…

Market Overview Technical Analysis

Gold Futures (GC) Analysis: Multi-Year Support Now Resistance

Multi-Year support level successfully holds as resistance. Is Gold oversold in the short term? Sell-off followed by consolidation pattern on the 4-hourly chart. Multi-Year Support Now Resistance If we rewind to last month, we watched gold break below the major support after holding for over two years. We stated that the level could turn into Read More…