Investing.com - Financial Markets Worldwide

Gold: A Break Lower Than $1,760 Is A Sell Signal

Published 08/08/2022, 05:37 AM
Updated 07/09/2023, 06:31 AM

Gold longs at 1770/65 target 1785/88 and perhaps as far as 1795/1800. Above 1800 look for 1813/15, perhaps as far as 1828/31.

Best support at 1770/65. Longs need stops below 1760. A break lower is a sell signal targeting 1953 then strong support at 1740/35.

AUD/USD first resistance at 6950/70. Shorts need stops above 6980. A break higher targets 7010.

Shorts at first resistance at 6950/70 target 6910/00 then 6870/60. Further losses can target 6830/20.

EUR/JPY eventually beat resistance at 136.75/95 for the next target of 137.70/80 with a high for the day here. A break above 138.00 signals further gains to 138.70/90.

First support at 136.80/70. A break below 136.50 risks a slide to 135.60/40.

NZD/JPY again meets strong resistance at 8435/55. Shorts need stops above 8485. A break higher is a buy signal targeting 8560/70.

Shorts at 8435/55 target 8380 and possibly 8340 for profit taking. Further losses target 8320/10 then strong support at 8280/60. Longs need stops below 8230.

E-mini S&P longs at strong support at 4110/4090 work as we bounce towards 4150. On further gains look for 4165, perhaps as far as 4210/20 today for profit taking. A break higher this week is a buy signal.

Strong support again at 4110/4090. Longs need stops below 4080. A break lower meets strong support at 4030/20. Longs need stops below 4000.

NASDAQ longs at first support at 12850/800 work on the bounce to 13200/250 & 7 month trend line resistance at 13365/385. A high for the day exactly here with a sell off to 13085. First support at 12900/800. Longs need stops below 12700. A break lower is a sell signal to strong support at 12350/300.

7 month trend line resistance at 13365/385. A break higher targets 13450, perhaps as far as very strong resistance at 13600/700.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.