TECHNICALS-Spot gold may test resistance $2,633

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* For more technical analyses, click TECH/C SINGAPORE, Sept 23 (Reuters) - Spot gold XAU= may test resistance at $2,633 per ounce, a break above which could open the way towards $2,654. A Darvas box technique suggests a target at $2,654, which will be confirmed when the metal breaks the immediate resistance at $2,633. A failure to overcome this barrier is likely to be followed by a deep drop towards $2,598. * Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. ** No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ xau https://tmsnrt.rs/3TFTvEd ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Wang Tao; Editing by Rashmi Aich) (([email protected]; +65 6973 8364/9188 4196))
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Published Date
23 Sep 2024 at 10:35 AM
Publisher
Refinitiv
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