Let's all stand and give a 5 minute rousing applause for gold's performance today.
Not only has it propelled higher, it had managed to take out the daily trend changer point at 1212.40 and the weekly point sitting just at 1216, which acts like a magnet.
In fact, we should demand/expect an encore performance and hopefully, be seeing 1238 really soon.
With such a fantastic performance today without an encore, is totally anti-climatic.
However, due to insufficient momentum/volatility so far, it is doubtable if we will be seeing too high.
Having expended so much effort, albeit cheaply (please see earlier posts), it is really wasteful not to see it higher.
Interim supports are at 1198, 1195 & 1189.80 with minor supports at 1208.80, 1204.70 & 1200.10.
Interim resistance are at 1216, 1228 & 1239 with minor resistances at 1218.50, 1221.70 & 1238.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
Not only has it propelled higher, it had managed to take out the daily trend changer point at 1212.40 and the weekly point sitting just at 1216, which acts like a magnet.
In fact, we should demand/expect an encore performance and hopefully, be seeing 1238 really soon.
With such a fantastic performance today without an encore, is totally anti-climatic.
However, due to insufficient momentum/volatility so far, it is doubtable if we will be seeing too high.
Having expended so much effort, albeit cheaply (please see earlier posts), it is really wasteful not to see it higher.
Interim supports are at 1198, 1195 & 1189.80 with minor supports at 1208.80, 1204.70 & 1200.10.
Interim resistance are at 1216, 1228 & 1239 with minor resistances at 1218.50, 1221.70 & 1238.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
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