It was a good thing that gold managed to close above the 1180's.
With that, it had averted having the technicals in the dailies, to begin looking pressured.
With the divergence still in play and not too far in the background, could give gold its legs required to spring it higher.
Also the medium/longer term indicator that threatened lower, has been compromised for now and will only be back in contention if gold is 1175 or lower.
However, it has lost it's first mover advantage when it first confirmed compared to the second time it crosses back over.
Interim supports are at 1177.50, 1167 & 1159 with minor supports at 1178.80, 1168.70 & 1161.50.
Interim resistances are at 1189.20, 1193.40 & 1200.80 with minor resistances at 1184.50, 1191 & 1196.70.
The daily/weekly trend changer points are at 1192.10/1154.60.
Get Gold Trading Chat, excerpts from there
With that, it had averted having the technicals in the dailies, to begin looking pressured.
With the divergence still in play and not too far in the background, could give gold its legs required to spring it higher.
Also the medium/longer term indicator that threatened lower, has been compromised for now and will only be back in contention if gold is 1175 or lower.
However, it has lost it's first mover advantage when it first confirmed compared to the second time it crosses back over.
Interim supports are at 1177.50, 1167 & 1159 with minor supports at 1178.80, 1168.70 & 1161.50.
Interim resistances are at 1189.20, 1193.40 & 1200.80 with minor resistances at 1184.50, 1191 & 1196.70.
The daily/weekly trend changer points are at 1192.10/1154.60.
Get Gold Trading Chat, excerpts from there
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