Thursday | 20th September 2018

Good Day all my beloved students & steemians. Inside this daily commentary I will share the short-term technical outlook for Gold.

  Previous commentary refer here: http://bit.ly/gold180918

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GOLD

In a broader sense, nothing spectacular is happening in precious metals as gold is trading within a well-defined parameter. 

Structurally, gold is likely to trade higher towards either the supply zone at $1229.91 - $1235.01 or $1241.16 - $1248.39 before unraveling below $1160.00. 

Technically, the long-term decline in Gold is missing one last down leg and the call for another low conforms to this assessment. 

As noted previously, this anticipated fall is potentially a terminal decline and a significant reversal near the $1100 level remains a possibility. In this regard, the focus is on the area between $1108.34 - $1113.76.