Technicals - gold price technical buy signal target @ US$1288 reached
Angela Mangan
QMG Pty Ltd
The spot gold price originally generated a technical sell signal at US$1321 on 25/8/16. It subsequently generated a re-entry technical buy signal at US$1216 on 2/2/17. The nominated upside technical price target located at US$1262 was reached on 27/2/17.
The 27/3/17 New York close above the US$1250 resistance barrier generated a new technical buy signal as detailed in recent Wire (VIEW LINK). The minimum nominated upside technical price target located at US$1288 was reached on 13/4/17.
The gold price technicals remain positive given there is no sign of a technical top formation emerging.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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