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 Gold (GC.FUT) - Close: 1 183.10 (-1.70), Mar 31, 2015

Chart Technical Analysis Gold (GC)

 Negative Candidate (Score: -72)
-Overall analysis, Mar 31, 2015
Analysis Explanation
Gold is technically neutral for the short term, but negative for the medium and long term.

 Neutral (Score: 3)
-Short term
Gold has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The future has support at 1170 and resistance at 1205. The future is assessed as technically neutral for the short term.

 Negative Candidate (Score: -76)
-Medium term
Gold is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The future has broken down through the support at 1195. This predicts a further decline. In case of positive reactions, there will now be resistance at 1195. The future is assessed as technically negative for the medium long term.

 Negative Candidate (Score: -83)
-Long term
Gold shows a weak development within a falling trend channel. A further negative development is indicated, and there is resistance against the ceiling of the trend channel. Is moving within a rectangle formation between support at 1120 and resistance at 1284. A decisive break through one of these levels indicates the new direction for the future. The future is testing the resistance at 1200, which may give a negative reaction. The future is overall assessed as technically negative for the long term.

1 day-0.73%43.87-0.14%
5 days53.992.40%181.33-0.70%
22 days9.976.10%163.99-2.51%
66 days27.0411.20%111.10+0.69%

 


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