On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base.


Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.


Gold now sell 2754
Support 2737
Support 2729
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Gold sell 10 pips running
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Gold sell 20 pips running
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Gold sell 30 pips running
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Gold sell 40 pips running
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Gold sell 50 pips running
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Xauusd sell
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Confirm signal
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Gold sell 60 pips done
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Gold sell 70 pips running
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Gold sell 80 pips running
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Gold sell 90 pips running
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Gold sell 100 pips running
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Gold sell 110 pips running
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Check my signal
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Gold sell 120 pips running
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Gold sell 130 pips running
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Gold sell 140 pips running
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1 support Hit 150 pips done
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Gold sell 160 pips running
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Gold sell 170 pips running
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Gold confirm signal
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Gold sell 190 pips running
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Gold sell 200 pips running
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Gold sell 210 pips running
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Gold sell 220 pips running
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All support Hit 230 pips done
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