I can't remember when but somebody suggested that I was pro-bull once.
The thing is, I am not.
If at all, I would like to think of myself as merely a crowd follower, but an early mover as such.
It is just that sometimes I see a nice move, which had taken such considerable effort in the making and to see all the efforts to be smashed in a single day, is really wasteful.
A day just like today.
Had gold held above or higher than yesterday's closing would be swell but it is like hanging on a cliff with just the fingertips, tenuously.
More of the indicators are now bearing down and adding pressure to the fray but all is not totally lost if we manage to creep back above 1220's as the directional indicators have not been coerced yet but in danger of being so if gold went lower.
Just too bad, a trending indicator in the weekly was just turning positive and before it could have any length, it was nipped in the bud.
Interim supports are at 1206, 1201.80 & 1189 with minor supports at 1204.70, 1200.10 & 1178.60.
Interim resistances are at 1212.40, 1214 & 1230.50 with minor resistances at 1218.50, 1221.70 & 1231.40.
The daily/weekly trend changer points are at 1178.95/1144.55.
check out gold trading chat in android
The thing is, I am not.
If at all, I would like to think of myself as merely a crowd follower, but an early mover as such.
It is just that sometimes I see a nice move, which had taken such considerable effort in the making and to see all the efforts to be smashed in a single day, is really wasteful.
A day just like today.
Had gold held above or higher than yesterday's closing would be swell but it is like hanging on a cliff with just the fingertips, tenuously.
More of the indicators are now bearing down and adding pressure to the fray but all is not totally lost if we manage to creep back above 1220's as the directional indicators have not been coerced yet but in danger of being so if gold went lower.
Just too bad, a trending indicator in the weekly was just turning positive and before it could have any length, it was nipped in the bud.
Interim supports are at 1206, 1201.80 & 1189 with minor supports at 1204.70, 1200.10 & 1178.60.
Interim resistances are at 1212.40, 1214 & 1230.50 with minor resistances at 1218.50, 1221.70 & 1231.40.
The daily/weekly trend changer points are at 1178.95/1144.55.
check out gold trading chat in android
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