Gold’s Demise Continues in Asian Trade
Gold has opened down again in Asian trade. It has been one of the worst performers in recent times and so far it is down a further 0.5% to g
Rowan Crosby•Thursday, August 16, 2018•1 min read
Gold has opened down again in Asian trade. It has been one of the worst performers in recent times and so far it is down a further 0.5% to get things moving early on.
Just having a quick look at the daily chart we can identify a few quick downside targets that we might be seeing some support.
1171 – where we currently are should give some buying interest.
1146 – minor support
1127 – MAJOR swing low
I’m looking for a move to 1127 as that is the swing low and I feel that price will be sucked to this level.
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ABOUT THE AUTHOR
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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