Gold Price Futures Technical Analysis

Gold price futures gc technical analysis 1869 10 1846 00 retracement zone controlling price action the direction of the april comex gold futures contract into the close is likely to be.

Gold price futures technical analysis. The catalysts behind the selling pressure are a steep drop in silver prices. Gold price futures gc technical analysis sustained move under 1846 00 puts gold in weak position. Gold price futures gc technical analysis testing major retracement zone at 1933 20 to 1972 40.

Signals range from strong buy buy neutral sell to strong sell. Friday s price action indicates the near term direction of the april gold futures contract will be determined by trader reaction to 1869 10 to 1846 00. The direction of the april comex gold futures contract into the close is likely to be determined by trader reaction to the main 50 level at 1869 10.

Updated 3 february 2021 3 48 am 2 min read. Gold futures technical analysis. They will be trying to form a potentially bearish closing price reversal top.

Near the close on monday the market continues to straddle its two month 50 to 61 8 retracement zone at 1869 10 to 1846 00 signaling trader indecision and impending volatility. Gold price futures gc technical analysis 1869 10 gold are trading higher supported by a strong surge in silver prices but gains are being capped by a rally in the u s. Gold price futures gc technical analysis intraday bulls take advantage of light volume fueling whipsaw friday s price action indicates the near term direction of april gold will be determined.

It also offers detailed technical analysis based on the buy sell. Buyers are going to try to trigger a breakout over 1911 20 with their eyes set on 1966 80. Gold price futures gc technical analysis intraday bulls take advantage of light volume fueling whipsaw friday s price action indicates the near term direction of april gold will be determined.