Spot Gold | Technical Analysis: <b>Spot Gold</b> | Live Trading News | News2Gold |
| Technical Analysis: <b>Spot Gold</b> | Live Trading News Posted: 13 Aug 2014 02:10 AM PDT  Spot Gold closed slightly higher Tuesday. The low range close sets the stage for a steady opening when Wednesday's US session begins trading. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible. If Spot Gold extends last week's rally, July's high crossing is the next Northside target. Closes below the 10-Day MA crossing will confirm that a short term top is in. Support: 1305.00, 1300.00, 1296.25, 1292.65, 1285.15 Resistance: 1309.35, 1317.00, 1322.50, 1331.50, 1339.75 Recommendation: The outlook is negative below 1317.00, risk-limit above 1322.00 Stay tuned… HeffX-LTN Paul Ebeling The following two tabs change content below.   Paul Ebeling is best known for his work as writer and publisher of "The Red Roadmaster's Technical Report" on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.  |
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