Just a mini update in the interim till I'm fully back tomorrow.
Gold has been on cue, reaching higher but not too high and now fresh pressure is on in the past few sessions since.
Just taking a quick/basic reading, it will be likely selling pressures continue in the short term, that is, at least till the end of the week.
Interim supports are at 1103.60, 1094 & 1086.50 with minor supports at 1118, 1103.50 & 1070.40.
Interim resistances are at 1129.50, 1135 & 1138 with minor resistances at 1132, 1142.20 & 1157.
The daily/weekly trend changer points are at 1168.40/1172.30.
Get Gold Trading Chat, excerpts from there
Gold has been on cue, reaching higher but not too high and now fresh pressure is on in the past few sessions since.
Just taking a quick/basic reading, it will be likely selling pressures continue in the short term, that is, at least till the end of the week.
Interim supports are at 1103.60, 1094 & 1086.50 with minor supports at 1118, 1103.50 & 1070.40.
Interim resistances are at 1129.50, 1135 & 1138 with minor resistances at 1132, 1142.20 & 1157.
The daily/weekly trend changer points are at 1168.40/1172.30.
Get Gold Trading Chat, excerpts from there
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