Gold Price Technical Outlook: More Gains on the Cards

Gold price, news and analysis:

黄金价格，新闻和分析：

• The price of gold slipped back Monday, filling a gap on the daily chart.

  黄金价格周一回落，填补日线图上的差距。

• However, it has hit a new six-year high Tuesday and that could mean further gains are on the way.

  然而，它已经在周二触及新的六年高点，这可能意味着进一步上涨。

Gold price technical outlook positive

黄金价格技术展望正面

The price of gold fell back Monday, filling a gap on the daily chart (see below). However, it is climbing again Tuesday, reaching a new six-year high and suggesting that the multi-year advance in the price of the precious metal is not yet exhausted.

黄金价格周一回落，填补了日线图上的空白（见下文）。然而，它在周二再次攀升，达到新的六年高位，并暗示贵金属价格多年的上涨尚未用尽。

Currently, the price is above the 20-day moving average, which is above the 50-dma and that in turn is above the 100-dma – suggesting a classic upward trend. Moreover, the 14-day relative strength index, which has flirted with the 70 “overbought” level, is now back below it, adding to the positive chart outlook.

目前，价格高于20日移动平均线，高于50日移动均线，反过来高于100日移动均线 - 表明经典的上升趋势。此外，14日相对强弱指数，已经与70“超买”水平调整，现在回到它之下，增加了正面图表前景。

Gold Price Chart, Daily Timeframe (May 28 – August 7, 2019)

黄金价格走势图，每日时间表（2019年5月28日至8月7日）

Chart by IG (You can click on it for a larger image)

IG图表（您可以点击它查看大图）

Near-term, there is support for the gold price at last Fridays $1,493.61 low and just above that at $1,507.68, where the 20-dma currently kicks in. For resistance, however, it is necessary to look at the weekly chart below.

近期，上周五黄金价格支撑位于1,493.61美元低点，略高于1,507.68美元，目前20日均线位于该位置。但对于阻力位，有必要查看下方的周线图。

Gold Price Chart, Weekly Timeframe (October 8, 2012 – August 7, 2019)

黄金价格走势图，每周时间范围（2012年10月8日 - 2019年8月7日）

Chart by IG (You can click on it for a larger image)

IG图表（您可以单击它以查看大图）

This shows a high of $1,590.40 in the week of April 8, 2013 and, above that, a high of $1,616.83 in the week of March 8, 2013. These, plus the $1,600 “round number” between them can be regarded as the near-term targets. Note, however, that volume was high when the price fell Monday, despite a bank holiday in the UK, and that can be read as a warning against irrational exuberance.

这显示2013年4月8日当周的高点1,590.40美元，高于1美元的高点，2013年3月8日这一周的16.83。这些以及它们之间1,600美元的“整数”可被视为近期目标。但请注意，尽管英国银行假期，但周一价格下跌时成交量仍然很高，这可以被视为对非理性繁荣的警示。