In the daily charts, the short term directional indicators
are pushing lower today around the 75% level now and continuing on its path
lower.
Gold is still putting on a noteworthy effort to continue keeping above
the 1210.
Seeing how it is playing out with the idiosyncrasy, it could just be
the market and the technicals trying to resynchronise before figuring on the
next best move.
The medium term trending indicators are looking like a roller
coaster, all ready for the drop, but how long more before it does?
Anyway, the
ride down if it happens, will be a very scary one.
The long term directional
indicators are pulling towards each other and almost colliding and cancelling
the bullish tone but that will be nearer at least to the week’s ending.
The
momentum/volatility indicators are holding its own but it is veering
a little more to the negative side.
Interim supports are at 1206.50, 1196 & 1191.50 with
minor supports at 1212.60, 1206.80 & 1200.10.
Interim resistances are at 1221.70, 1228.50 & 1258.50
with minor resistances at 1221.70, 1231.40 & 1238.
The daily/weekly trend changer points are at
1195.95/1124.25.
No comments:
Post a Comment