Of late, gold has been severely capped by indecisiveness.
This is by and large due to the low momentum and volatility indicators, which have entered a "kissing" zone and looks like it may last a tad longer.
Punters who play on breaks will be stopped out every time and range traders are champions at the moment.
Coming back to the task at hand, despite that, gold continues to appear soft but takes opportunity to pull back at any instance.
Interim supports are at 1189, 1180.40 & 1168.40 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1197.50, 1205.30 & 1214 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1214.10/1215. Both are above so provide some pressure on gold.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
This is by and large due to the low momentum and volatility indicators, which have entered a "kissing" zone and looks like it may last a tad longer.
Punters who play on breaks will be stopped out every time and range traders are champions at the moment.
Coming back to the task at hand, despite that, gold continues to appear soft but takes opportunity to pull back at any instance.
Interim supports are at 1189, 1180.40 & 1168.40 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1197.50, 1205.30 & 1214 with minors at 1207.50, 1218.50 & 1221.70.
The daily/weekly trend changer points are at 1214.10/1215. Both are above so provide some pressure on gold.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
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