Gold is stubbornly clinging on, as near to 1205 as possible. Probably in an effort to make the charts look "positive" without costing to much to do so.
If kept here sufficiently long enough, say another week or so, then, in all likelihood, the charts would have started looking "positive".
Kudos to the excellent and cheap plan. The only issue is, nobody should have a trigger finger and work the market up into a selling frenzy by pushing it to test and break crucial levels.
Otherwise the low volatility and momentum seen this past 2 weeks is keeping the market capped at both ends.
Interim supports are at 1191.70, 1184.50 & 1156.50 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances at 1202.50, 1211 & 1216 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1219.50/1224.10.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
If kept here sufficiently long enough, say another week or so, then, in all likelihood, the charts would have started looking "positive".
Kudos to the excellent and cheap plan. The only issue is, nobody should have a trigger finger and work the market up into a selling frenzy by pushing it to test and break crucial levels.
Otherwise the low volatility and momentum seen this past 2 weeks is keeping the market capped at both ends.
Interim supports are at 1191.70, 1184.50 & 1156.50 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances at 1202.50, 1211 & 1216 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1219.50/1224.10.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
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