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Gold Sees Mild Corrective Pullback Hits 2-Mo. High On Safe-Haven Demand

Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,236.00.
Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at the November high of 275.30 cents.
First resistance is seen at today’s high of 266.80 cents and then at the January high of 271.60 cents.
The next downside price objective for the bears is closing prices below solid technical support at 250.00 cents.
Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $18.00 an ounce.

according to

Gold Futures Jump to Two-Month High as Dollar Sags; Copper Rises

Bullion posted a second straight gain as the Bloomberg Dollar Spot Index fell to near the lowest in a month.
The Bloomberg dollar gauge, which tracks the greenback against 10 peers, fell as much as 0.7 percent.
Gold futures rose to the highest since November as protectionist signals from President Donald Trump’s administration unsettled financial markets and weakened the dollar, spurring demand for the metal as a haven.
After Trump’s win, assets dropped every week through to Jan. 13 as a rally in equities and the dollar curbed demand.
Lead paced gains in industrial metals on the London Metal Exchange, with aluminum, nickel, zinc and copper also advancing.

according to

Gold Sees Mild Corrective Pullback After Hitting 2-Mo. High Overnight

Gold Sees Mild Corrective Pullback After Hitting 2-Mo. High Overnight*/

Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,236.00.
Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $18.00 an ounce.
Bears’ next near-term downside price breakout objective is closing prices below solid technical support at $1,175.00.
The other key “outside market” on Tuesday sees Nymex crude oil prices trading slightly higher.
The next downside price breakout objective for the bears is closing prices below solid support at $16.50.

 

 

collected by :Irax John

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