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  • The price took a dip below  1316/17, but found support at the next key level being the confluence of recent lows and the 50% Fibo.  
  • As can be seen, the eclipse  is a  key area that bulls need to  remain within  and  the  new trend line resistance  will  give way  for a run to  the 78.6% Fibo within the rising channel formation.
  • 1323 ahead of 1332 guards the 2019 highs as being the 19th Feb high of 1345.19.
  • On the downside, 1313 and 1302 are key. A break here will jeopardise the neutral/bullish Ichimoku Cloud  and leave the outlook neutral  with a bearish bias.  
  • 1298 and 1290 guard a run to 1280 as a keen target ahead of 1275 which remains the line in the sand to the downside.
  • A break below here will put the attention back to the towards to 1250, a key confluence area made up of Fibos and prior support and resistance.

Gold daily chart