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#1 10-02-2017 15:06:31

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2085

Gold: technical analysis points to upside risks (Natixis)

Gold: a technical analysis indicates that risks are to the upside (Natixis)

Here is a short and medium term technical analysis of gold according to Natixis:

"A rising channel has emerged on the daily chart since mid-December and the daily indicators remain bullish. In addition, the weekly indicators recovered significantly and the 1219 threshold was broken.

The risks appear to be on the rise; in this context, the troughs must be considered corrective and we favour an extension of the rally within the next days to 1250-1254. Prior to 1267-1276 and resistance at 1307.

The support levels are at 1210-1219, 1190-1202, 1143 and 1108."

"Anything worth having is worth going for - all the way." - J.R. Ewing



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