AIRLINK 71.60 Increased By ▲ 2.40 (3.47%)
BOP 5.02 Increased By ▲ 0.12 (2.45%)
CNERGY 4.28 Increased By ▲ 0.02 (0.47%)
DFML 32.25 Increased By ▲ 1.00 (3.2%)
DGKC 79.45 Increased By ▲ 2.20 (2.85%)
FCCL 20.45 Increased By ▲ 0.45 (2.25%)
FFBL 34.94 Decreased By ▼ -0.06 (-0.17%)
FFL 9.23 Increased By ▲ 0.11 (1.21%)
GGL 9.81 Increased By ▲ 0.01 (0.1%)
HBL 113.50 Increased By ▲ 0.74 (0.66%)
HUBC 133.25 Increased By ▲ 0.21 (0.16%)
HUMNL 7.00 Increased By ▲ 0.05 (0.72%)
KEL 4.27 Increased By ▲ 0.04 (0.95%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 36.90 Increased By ▲ 0.30 (0.82%)
OGDC 133.31 Increased By ▲ 0.44 (0.33%)
PAEL 23.65 Increased By ▲ 1.01 (4.46%)
PIAA 24.79 Increased By ▲ 0.59 (2.44%)
PIBTL 6.50 Increased By ▲ 0.04 (0.62%)
PPL 117.25 Increased By ▲ 0.95 (0.82%)
PRL 26.25 Increased By ▲ 0.35 (1.35%)
PTC 13.25 Increased By ▲ 0.17 (1.3%)
SEARL 52.40 Increased By ▲ 0.40 (0.77%)
SNGP 68.26 Increased By ▲ 0.66 (0.98%)
SSGC 10.41 Decreased By ▼ -0.13 (-1.23%)
TELE 8.38 Increased By ▲ 0.10 (1.21%)
TPLP 11.05 Increased By ▲ 0.25 (2.31%)
TRG 58.84 Decreased By ▼ -0.45 (-0.76%)
UNITY 25.25 Increased By ▲ 0.12 (0.48%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,441 Increased By 32.1 (0.43%)
BR30 24,236 Increased By 199.8 (0.83%)
KSE100 71,046 Increased By 379.5 (0.54%)
KSE30 23,290 Increased By 65.8 (0.28%)
Markets

Spot gold may test resistance at $1,756

  • The metal has been falling within a channel which suggests a target of $1,756
Published September 24, 2021

SINGAPORE: Spot gold may test a resistance at $1,756 per ounce, a break above which could lead to a gain to $1,763.

The metal has been falling within a channel which suggests a target of $1,756.

It may end its bounce around this level and resume the downtrend, which is riding on a wave (3) towards $1,724.

Spot gold may fall into $1,756-$1,763 range

A break below $1,744 may signal the continuation of the wave (3).

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Comments

Comments are closed.