In the dailies, the short term directional indicators are almost going into the overdone zone, maybe in one to two trading sessions.
The medium term trending indicator remains on track for a push higher.
The long term directional indicator has closed the gap and on the verge of crossing over and confirmation.
The medium term directional indicators is now glued together in tandem but not crossed over despite the higher prices.
The momentum/volatility indicators are still nondescript but is easily turbocharged if it closes above 1165 and charge towards 1200 .
In the weeklies, the short term directional indicators regained it's composure supporting the current move.
The medium term trending indicators continue their assault at the zero and may well cross it by next week.
The long term directional indicators is still in a realignment phase while the medium term term directional indicators shows some promise but may require at least another 6 weeks to forge, that is, if prices continue higher.
The momentum/volatility indicators is kept warmed up but not yet at a critical level.
Interim supports are at 1155, 1149.50 & 1140.50 with minor supports at 1144.60, 1132.80 & 1124.40.
Interim resistances are at 1162, 1169 & 1174.50 with minor resistances at 1166.50, 1170.20 & 1177.
The daily/weekly trend changer points are at 1108.80/1080.10.
Get Gold Trading Chat, excerpts from there
The medium term trending indicator remains on track for a push higher.
The long term directional indicator has closed the gap and on the verge of crossing over and confirmation.
The medium term directional indicators is now glued together in tandem but not crossed over despite the higher prices.
The momentum/volatility indicators are still nondescript but is easily turbocharged if it closes above 1165 and charge towards 1200 .
In the weeklies, the short term directional indicators regained it's composure supporting the current move.
The medium term trending indicators continue their assault at the zero and may well cross it by next week.
The long term directional indicators is still in a realignment phase while the medium term term directional indicators shows some promise but may require at least another 6 weeks to forge, that is, if prices continue higher.
The momentum/volatility indicators is kept warmed up but not yet at a critical level.
Interim supports are at 1155, 1149.50 & 1140.50 with minor supports at 1144.60, 1132.80 & 1124.40.
Interim resistances are at 1162, 1169 & 1174.50 with minor resistances at 1166.50, 1170.20 & 1177.
The daily/weekly trend changer points are at 1108.80/1080.10.
Get Gold Trading Chat, excerpts from there
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