In the weeklies, some of the indicators in the weeklies have just started to show signs of weakness.
It may well be a case of too little too late as in the dailies, quite a few of the indicators are showing that gold is bottoming around here if 1178 holds.
The momentum/volatility indicators in both are almost non-existent so unless there are any catalysts, it will unlikely we might break further lows.
With things stacked on one side, logically we may push higher again next week. So let's keep our eyes glued on the closing.
Interim supports are at 1181.80, 1178.80 & 1169 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1195, 1198.30 & 1206.70 with minors resistances at 1191, 1196.70 & 1207.50.
The daily/weekly trend changer points are at 1226.45/1148.05.
Get Gold Trading Chat, excerpts from there
It may well be a case of too little too late as in the dailies, quite a few of the indicators are showing that gold is bottoming around here if 1178 holds.
The momentum/volatility indicators in both are almost non-existent so unless there are any catalysts, it will unlikely we might break further lows.
With things stacked on one side, logically we may push higher again next week. So let's keep our eyes glued on the closing.
Interim supports are at 1181.80, 1178.80 & 1169 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1195, 1198.30 & 1206.70 with minors resistances at 1191, 1196.70 & 1207.50.
The daily/weekly trend changer points are at 1226.45/1148.05.
Get Gold Trading Chat, excerpts from there
No comments:
Post a Comment