Gold’s Demise Continues in Asian Trade - Forex News by FX Leaders

Gold’s Demise Continues in Asian Trade

Posted Thursday, August 16, 2018 by
Rowan Crosby • 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.

Gold
Gold – Daily
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments