I just landed so a very short update.
In the dailies, some of the short term directional indicators are showing slight weariness.
The medium term trending indicator is showing renewed strength but some top side resistance is in the way.
The longer term directional indicator has almost come into play and just needs gold to push and hold 1150 at the week's closing to trigger it.
The medium-long term indicator is in the midst of crossing over where it is right now.
The momentum/volatility indicators' cupboard is bare so might be running on empty.
In the weeklies, the short term directional indicators at it's zenith and might struggle to sustain.
The medium term trending indicators are intact and wholesome and will soon challenge the parity level and come into positive territory, that is, for the longer term.
The longer term directional indicators is still re-syncing. The momentum/volatility indicators just dribbling along albeit with a slight tinge of positiveness.
Interim supports are at 1137.50, 1132 & 1129 with minor supports at 1132.80, 1128.20 & 1123.60.
Interim resistances are at 1153, 1156.50 & 1165.50 with minor resistances at 1157, 1166.50 & 1170.20.
The daily/weekly trend changer points 1107/1080.10.
Get Gold Trading Chat, excerpts from there
In the dailies, some of the short term directional indicators are showing slight weariness.
The medium term trending indicator is showing renewed strength but some top side resistance is in the way.
The longer term directional indicator has almost come into play and just needs gold to push and hold 1150 at the week's closing to trigger it.
The medium-long term indicator is in the midst of crossing over where it is right now.
The momentum/volatility indicators' cupboard is bare so might be running on empty.
In the weeklies, the short term directional indicators at it's zenith and might struggle to sustain.
The medium term trending indicators are intact and wholesome and will soon challenge the parity level and come into positive territory, that is, for the longer term.
The longer term directional indicators is still re-syncing. The momentum/volatility indicators just dribbling along albeit with a slight tinge of positiveness.
Interim supports are at 1137.50, 1132 & 1129 with minor supports at 1132.80, 1128.20 & 1123.60.
Interim resistances are at 1153, 1156.50 & 1165.50 with minor resistances at 1157, 1166.50 & 1170.20.
The daily/weekly trend changer points 1107/1080.10.
Get Gold Trading Chat, excerpts from there
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